That is wrong. The Chinese have found the answers. They are close to eliminating the epidemic within China, or reducing it to a few deaths per day. Very few additional people will die there before a vaccine can be deployed.
In Japan they are using Chinese methods. So far, they have kept the epidemic at bay. They are now getting around 50 new cases a day, which they can handle. It is starting to recede in Sapporo, which is their worst hot spot.
The number of new cases per day are finally stabilizing and falling in South Korea. It is 272 today. It was 400 to 500 last week, and 800 per day before that.
The Italians are also now using aggressive methods. If the Italian methods work, there is good hope of controlling this in the first world. Unfortunately, I fear it will go out of control in the third world.
I have heard it might be sooner than that. Perhaps in a year. There are already tests underway. The previous record for this stage of development was 5 months, and this has only been 3 months. Deployment usually has to wait until rigorous safety testing is finished, but if thousands of people are dying every day, I am sure they will cut corners.
http://www.pmlive.com/pharma_n…accine_candidates_1326923
I have heard middle aged researchers say it will take a year and a half, and young, hotshot researchers with the latest gadgets say it might be done in 6 months. The young ones are usually right. They know how to do things more quickly. It is like that in programming and other high tech fields. Look at how fast the hotshots fixed the botched Obamacare website rollout.
I think a panic would be appropriate. I wish the administration had started panicking weeks ago.
I feel sorry for small shop owners in China, and travel agents in the U.S., but other than that who cares about the economic toll? The economy will snap back as soon as a vaccine is deployed.
If the U.S. healthcare system collapses, it will be a blessing. The hospitals are charging people $3,000 to test for the coronavirus. A two-week hospital stay to cure, without IC, would cost $55,000. That is not sustainable. A year from now we may have Medicare for all universal healthcare, the way every civilized nation already has.