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Healthcare ETFs to Gain on $65-Billion Pandemic Protection Plan

2 14 0
07.09.2021

The Biden administration recently offered a $65 billion plan that U.S. officials say is aimed at combating the biological threats after the COVID-19 pandemic goes away. The next pandemic will likely be “substantially different” than Covid, and so the U.S. government has started preparing to deal with any future viral threat, said Eric Lander, President Joe Biden’s science advisor and director of the Office of Science and Technology, as quoted on CNBC.

An investment of $65 billion is “modest” if we compare with the fact that the current pandemic has cost the United States an estimated $16 trillion in lost economic output. It’s also smaller than what the nation allocates for other programs, such as missile defense and anti-terrorism, which cost U.S. taxpayers $20 billion and $170 billion a year, respectively, they said, per the CNBC article.

“If major pandemics similar to COVID-19, costing the U.S. roughly $16 trillion, occur at a frequency of every 20 years, the annualized economic impact on the U.S. would be $800 billion per year. Even for somewhat milder pandemics, the annualized cost would likely exceed $500 billion,” officials wrote in the document, CNBC noted.

We would like to note that no matter whether the allocation of the fund is huge or not, the Biden administration’s latest plan........

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