How Credible are Coronavirus Cost Models?
For more of our coronavirus coverage, visit epicbrokers.com/coronavirus Viewpoints from David Wiesner As EPIC and every other consulting and actuarial firm rush to the market with a coronavirus (COVID-19) cost impact modeling tool, I would urge a healthy dose of skepticism. Let me explain why: The numbers are moving too fast. Four weeks ago, the models told us 1.1 to 2.2 million people may die from COVID-19 based on then-assumed infection and death rates. Over the next few weeks, those models were revised downward and downward again. Even now as more tests come …
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