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Health Experts Call for $4.5 Billion Annually to Fight Pandemics
The Wall Street Journal

A commission of global health experts convened by the U.S. National Academy of Medicine on Wednesday called for $4.5 billion a year from governments, foundations and corporations to strengthen the world’s defenses against pandemics, calling them one of the greatest risks to humanity.

Economic losses from pandemics can cost more than $60 billion a year globally when they occur, rivaling wars and natural disasters and disrupting economies, the group said in a sweeping report recommending action in the wake of West Africa’s Ebola epidemic.

It called on the Group of Seven advanced industrial nations, and the larger G-20 bloc, and the United Nations to corral funding starting this year for better public-health systems in countries that lack them, to strengthen the World Health Organization, and to accelerate the development of vaccines, drugs and other medical interventions to thwart epidemics.

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