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The Economic Case for a Pandemic Fund.
Kevin Berry1, Toph Allen2, Richard D Horan3
1Institute of Social and Economic Research, Department of Economics & Public Policy, University of Alaska Anchorage, Anchorage, USA.
Investing in global pandemic preparedness, like a
Area of Science:
- Global Health Security
- Epidemiology
- Health Economics
Background:
- The 2014 West Africa Ebola outbreak highlighted significant economic and public health impacts.
- Control measures breakdown during rapid urban spread of infectious diseases poses a global threat.
Purpose of the Study:
- To propose optimal allocation of funds for mitigating future infectious disease threats.
- To advocate for a global insurance model against emerging infectious diseases.
Main Methods:
- Epidemiological analyses to understand disease spread dynamics.
- Economic modeling to assess investment strategies for pandemic preparedness.
Main Results:
- A proposed strategy involves sustained investment in mobile and adaptable response capacities.
- This creates a 'national guard' for pandemic prevention and response, functioning as global insurance.
- Investment can also improve access to safe treatment in developing countries.
Conclusions:
- Sustained investment in adaptable capacity is crucial for pandemic prevention and response.
- A global insurance framework can mitigate the economic and public health risks of emerging infectious diseases.
- Strengthening global health security benefits both developing and developed countries.
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