Measuring pandemic risk for better management.
Managing the risk of future pandemics is often neglected because public officials haven’t had a good way to measure the impacts to their constituents, or to understand which types of pandemic planning provide the most benefit, relative to their scarce resources. The result is that governments underfund pandemic preparation when faced with day-to-day initiatives that are deemed to be more urgent.
Our model shows that pandemic preparation measures are financially sound because they significantly soften a pandemic’s impact .In this example, see how New York State could blunt the impact of future pandemics, while being highly cost effective. The analysis shows that a set of 13 controls with a cost of $2.9 billion results in a $7.9 trillion benefit in risk reduction. This represents investment leverage of 2,283 times greater than the upfront cost.
