How bad is coronavirus? Let’s run the numbers

The coronavirus outbreak has been turning a lot of us into amateur epidemiologists. Just listen to Mick Mulvaney, the former real estate developer and member of Congress from South Carolina who is now acting White House chief of staff. “The flu kills people,” he said. “This is not Ebola. It’s not Sars, it’s not Mers. It’s not a death sentence, it’s not the same as the Ebola crisis.”
All those statements are true. The flu does kill people: an estimated 61,099 in the US in the worst recent flu season, that of 2017-2018. People who get Covid-19, the World Health Organization’s shorthand for Coronavirus Disease 2019, are much less likely to die than those infected with Ebola, the Severe Acute Respiratory Syndrome (Sars) of 2003 and the Middle East Respiratory Syndrome (Mers) first reported in 2012. And no, this is not the same as the Ebola crisis.
It’s not the same as the 2014 Ebola crisis in part because it appears to be a much bigger deal for the US and other countries outside of West Africa. As Microsoft Corp co-founder Bill Gates, also technically an amateur epidemiologist but by
this point quite a well-informed one, put it in the New England Journal of Medicine: “Covid-19 has started behaving a lot like the once-in-a-century pathogen we’ve been worried about.”
How do we reconcile these differing views of Covid-19? Well, I too am an amateur as an epidemiologist, but I find that charts and (very simple) equations help me think through things. On the theory that others might find this helpful, too, let’s start with
the approximate case-fatality rates for the diseases listed by Mulvaney and a few others you may have heard of.
These fatality rates can change a lot depending on time and place and access to treatment. The Covid-19 rate is obviously a moving target, so I’ve included both the 3.4% worldwide mortality rate reported by the World Health Organization and the 1% estimate from a study released on February 10 by the MRC Centre for Global Infectious Disease Analysis at Imperial College London that factored in probable unreported cases.
The authors of that study also said that, given the information available at the time, they were 95% confident the correct fatality rate was somewhere between 0.5% and 4%. Gates used the 1% estimate in his article, and when I ran it by Caroline Buckee, an actual professional epidemiologist who is a professor at Harvard’s TH Chan School of Public Health, she termed it “reasonable.”
In a context that includes Ebola and Mers, the Covid-19 death rates are much closer to those of the flu, and it’s understandable why people find the comparison reassuring. Compare Covid-19 with just the flu, though, and it becomes clear how different they are.
The 61,099 flu-related deaths in the US during the severe flu season of 2017-2018 amounted to 0.14% of the estimated 44.8 million cases of influenza-like illness.
There were also an estimated flu-related 808,129 hospitalisations, for a rate of 1.8%. Assume a Covid-19 outbreak of similar size in the US, multiply the death and hospitalisation estimates by five or 10, and you get some really scary numbers: 300,000 to 600,000 deaths, and 4 million to 8 million hospitalisations in a country that has 924,107 staffed hospital beds. Multiply by 40 and, well, forget about it. Also, death rates would go higher if the hospital system is overwhelmed, as happened in the Chinese province of Hubei where Covid-19’s spread began and seems to be happening in Iran now.
Could Covid-19 really spread as widely as the flu? If allowed to, sure. The standard metric for infectiousness is what’s called the reproduction number (R0). It is usually pronounced “R naught,” and the zero after the R should be rendered in subscript, but it’s a simple enough concept. An R0 of one means each person with the disease can be expected to infect one more person. If the number dips below one, the disease will peter out. If it gets much above one, the disease can spread rapidly.
How contagious is that disease? This helps explain why public health authorities want everybody to get vaccinated against the measles. It’s not all that deadly a disease, but once it gets going in an unvaccinated population, everybody gets it.
The numbers also seem to indicate that Covid-19 is a lot more contagious than the seasonal flu. Average R0 isn’t the whole story, though. Why all the worry about Mers, for example, which with an R0 below one shouldn’t spread at all? Well, it’s extremely deadly, its R0 can rise above one in certain environments, among them hospitals, and … you can catch it from your camel.
The probability of infection is reduced by things like frequent hand-washing, replacing handshakes with fist bumps and such. The contact rate is reduced by staying home. By putting much of the country on lockdown, Chinese authorities reduced the contact rate enough that Covid-19’s R0 in the country fell below one. They also incurred huge economic and social costs. Now, as China begins to go back to work, the big question is whether a less-draconian approach can keep the disease in check or whether it will just start spreading again.

— Bloomberg

Justin Fox is a Bloomberg Opinion
columnist covering business. He was the editorial director of Harvard Business
Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”