Name: Insights: Businesses and Governments Must 'Wake Up' to Pandemic Vulnerability
Uploaded: 2020-03-16
Duration: 1 min 52 s
Description: If corporations and governments don't start paying for prevention, they'll pay for the consequences of a global outbreak.

[MUSIC PLAYING] MICHAEL OSTERHOLM: I don't have any problem with scaring. But instead of scaring people out of their wits, we should be scaring them into their wits. I mean, look at this room right here. When you think health care today, and I mentioned this issue of life expectancy, we did a study not long ago where we actually surveyed a group of PharmDs around the world. And we said, what are those life saving drugs you have to have everyday or people die right now? What's on the crash cart? We came up with 30 drugs. All of them were generic. 100% are made outside the United States. And for 100% percent, there's no stockpiles. It's just in time delivery. It's all right now in the 62,000 ships going between China, and India, and the United States. If we had one influenza pandemic that caused a hiccup around the world, the number of people that would die from just the loss of those drugs in our everyday hospitals would almost impact the world as much as the pandemic itself. In the business community, you have to wake up and understand the vulnerability you have if we don't take the steps. And let me just come back one point to one month or so. Right now if there's an event in the south Mediterranean, the Sixth Fleet is there. We have an aircraft carrier, three destroyers, a number of battleships and aircraft. Today, in public health, if we have an event like that, we go out and say, OK, let's put a call out for building an aircraft carrier. And by the way, build it, we're not going to tell you what to build. And then when you deliver it, we'll tell you if we're going to buy it or not and how much are going to pay for it. Imagine how crazy our defense budget would be. That's exactly what the industry has to deal with today in the vaccine world. We've got to stop this. And [INAUDIBLE] is obviously from a company. You say, well, he's representing the company. I'll tell you somebody with no ties to these companies, we need them badly. They have been burned so badly over the last several situation with Ebola, SARS, and so forth. We're going to lose them completely. And that's going to come to your bottom line as much as it's going to come to your family. [MUSIC PLAYING]

Insights: Businesses and Governments Must 'Wake Up' to Pandemic Vulnerability

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If we don't pay for prevention, we'll pay the consequences.

World Must 'Wake Up' to Pandemic Vulnerability

If corporations and governments don't start paying for prevention, they'll pay for the consequences of a global outbreak.

I don't have any problem scaring people out of their way into their look at this room right here. You think healthcare today and I mentioned this issue of life expectancy. We did a study not longer. We actually surveyed a group of Farm D's around the world, he said. One of those life saving drugs you have to have every day or people die right now. What's on the crash cart? We can't with 30 drugs all over generic 100% or made outside the United States for 100%. There's no stockpiles just in time delivery. It's all right now in the 62,000 ships going between Shine and India in the United States. If we had one influenza pandemic that caused a hiccup around the world, the number of people that would die from just the loss of those drugs in our everyday hospitals would almost impact the world as much as the pandemic itself. In the business, you know, you have to wake up and understand the vulnerability you have. If we don't take the steps, only just come back 1.21 months. Right now, there's an event in the South Mediterranean. The Sixth Fleet is there. We have an aircraft carrier, three destroyers, number of battleships and aircraft. Today in public health, we have an event like that. We go out and say, let's put a call out for building an aircraft carrier and by the way, build it. We're not gonna tell you what to build, and then when you deliver, it will tell you we're gonna buy it or not. How much you gonna pay for it? Imagine how crazy our defense budget would be. That's exactly what the industry has to deal with today in the in the vaccine world. We've got to stop. This monster is obviously from a company to say. Well, he's representing. I'll tell you, somebody with no ties to these companies, we need them badly. They have been burned so badly over the last several situations Ebola stars and so forth. We're gonna lose him completely. And that's going to come to your bottom line as much as it's gonna come to your family.