The cost to taxpayers of COVS-19 is staggering.
The federal government has estimated that it will cost the average American $2,000 to $4,000 a year, with some people being billed more than twice that.
But, what does that mean in terms of dollars?
For those who suffer, it’s a staggering figure.
According to a CNN analysis, if all the cases in the US were spread evenly, that would translate to about $2.5 trillion in economic losses.
But in fact, there are about $1.8 trillion in potential losses from COVS that have yet to be assessed, according to a report by the Centers for Disease Control and Prevention.
That’s a lot of potential losses.
And the more people we can spread it to, the more costs we can take, said Dr. Robert B. Krueger, a professor at the Harvard School of Public Health.
It could even be a significant public health cost, he added.
To put that into perspective, the U.S. Department of Agriculture estimates that if every American were infected, the country would save $50 billion, Kruegers research found.
But if we can only spread COVS around, we’re talking a staggering $8 trillion.
Krueger said the US government’s estimate of the economic cost of the pandemic is a lot lower than what it would cost to spread it across the globe.
“I’m very confident that we could do it,” Krueber said.
“It’s the cost of doing nothing,” he said.
It’s worth noting that it is not just the money that we are paying for COVS, Kruers research also found that we’re paying more for food, fuel, and other things as a result of the virus.
For example, it is estimated that an average American would spend about $3,300 a year to get enough food to eat.
Kruger said if we could spread the COVS over a wider geographical area, the cost to society could be even higher.
For instance, in the U, we spend $9 billion a year on health care, while in China it is $40 billion, he said, and in India, it would be $90 billion.