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COVID-19 long-term toll signals billions in healthcare costs ahead

Bruce Lee of the City University of New York (CUNY) Public School of Health estimated that if 20% of the U.S. population contracts the virus, the one-year post-hospitalization costs would be at least $50 billion, before factoring in longer-term care for lingering health problems. Without a vaccine, if 80% of the population became infected, that cost would balloon to $204 billion.

Some countries hit hard by the new coronavirus – including the United States, Britain and Italy – are considering whether these long-term effects can be considered a “post-COVID syndrome,” according to Reuters interviews with about a dozen doctors and health economists.

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AstraZeneca to be exempt from coronavirus vaccine liability claims in most countries

With 25 companies testing their vaccine candidates on humans and getting ready to immunize hundred millions of people once the products are shown to work, the question of who pays for any claims for damages in case of side effects has been a tricky point in supply negotiations.“This is a unique situation where we as a company simply cannot take the risk if in … four years the vaccine is showing side effects,” Ruud Dobber, a member of Astra’s senior executive team, told Reuters.

“In the contracts we have in place, we are asking for indemnification. For most countries it is acceptable to take that risk on their shoulders because it is in their national interest,” he said, adding that Astra and regulators were making safety and tolerability a top priority.

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Australia’s Victoria declares disaster, sets curfew to curb COVID-19

“The current rules have avoided thousands and thousands of cases each day, and then thousands of people in hospital and many more tragedies than we have seen. But it is not working fast enough,” Victoria Premier Daniel Andrews told a televised briefing.

A curfew from 8 p.m. to 5 a.m. every day will be implemented from Sunday evening in Melbourne, barring the nearly five million people in the city from leaving their houses except for work or to receive or give care.

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Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian

Through the deal to buy Varian, Healthineers, a part of Siemens, acquires the leader in radiation therapy with a market share of over 50%.

Healthineers highlighted a long-term rise in the incidence of cancer – from 14 million cases worldwide in 2010 to a forecast 25 million in 2030.

That translates into an addressable market of $20 billion that is forecast to grow at an annual rate of between 6% and 10%, the company said in a presentation on the deal.

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Latin America coronavirus death toll surges past 200,000

Apart from the United States, Brazil and Mexico have racked up more fatalities from the virus than any other country, and together they account for around 70% of the regional death toll.Both have struggled to balance the need to curb the spread of the virus with restrictive safety measures while trying to reopen their economies, which have been battered by the crisis.

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ICMR plans to set up registry of hospitalised Covid-19 patients

“The aim is to collect data of the hospitalised COVID-19 patients like clinical and laboratory features, their demographics, comorbidities, treatment outcomes, complications in all age groups among others,” officials said.

The novel coronavirus, SARS-CoV-2 and the illness it is causing has so many unknown parameters that are a barrier to the proper understanding and management of the disease, they said.

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Not everyone in coronavirus-hit family susceptible to disease:Study

“Different people have different immunity to the virus. Within a household, we do not follow social distancing rules or use masks. Between the appearance of the symptom and diagnosis, there is a gap of three to five days, which means all the family members are exposed to the virus. But still, not all get it,” Dileep Mavalankar,director, Indian Institute of Public Health Gandhinagar said.
He suggested that a “large percentage of population may not be susceptible to the virus,” and said the sero-surveillance study to measure antibodies against Covid-19 in the population would be helpful to find out exactly how many persons have already been infected.

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