Coronavirus Update: New Study Says Pandemic Will Cost Americans Trillions over the Next Decade

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According to a new study published in the Journal of the American Medical Association, the coronavirus pandemic will cost Americans $16 trillion. This exceeds predictions made when the virus first emerged in the U.S. back in March, the study says.

The researchers’ estimated cost includes a theoretical estimate for the value of a human life over the next decade.

The coronavirus is “the greatest threat to prosperity and well-being the U.S. has encountered since the Great Depression,” the authors write.

About $8.6 trillion is driven by the long-term health implications and costs for those who contract COVID-19. The study also estimates $2.6 trillion in long-term additional costs from people who survive the infection but endure long-term health damage. Mental health costs related to the pandemic will also rise by $1.6 trillion.


Senate Majority Leader Mitch McConnell says that a procedural vote on a Republican COVID-19 relief bill will be held next week. The scaled-back aid bill will mainly assist businesses hard-hit during the pandemic.

House Speaker Nancy Pelosi continues to defend her demands for more than $2 trillion in pandemic relief while Trump is…


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