In the third installment of our video series on the scientific and investment implications of COVID-19, Health Care Analyst Rich Carney focuses on the impact of the virus within the US and explores the related developments. He discusses how the country’s healthcare system has responded to the crisis, how federal and private funding has factored into that response, and why certain emerging trends in the sector, such as telemedicine, will likely accelerate in the US post-pandemic.

  Key Takeaways:

  • The US federal government has provided much-needed emergency funding to hospitals through the CARES Act to relieve some of the strain on the health care system in the US, with additional funding currently being negotiated in Congress.
  • Trends that were already gaining a foothold before the COVID-19 pandemic – particularly telemedicine – will likely see broader usage and continued innovation after we emerge from the crisis.
  • With the costs to fund a Medicare For All program estimated at US$30 trillion over a 10-year period, a universal health care solution is likely on the backburner for now, considering the US$2 trillion being allocated for COVID-19 relief. However, key provisions of the Affordable Care Act could greatly reduce the number of uninsured, despite high levels of unemployment.