Mar 3, 2020 - Health

How the super-rich are preparing for the coronavirus

Illustration: Sarah Grillo/Axios

There are the Americans who are worried about paying for medical bills stemming from the coronavirus, and then there's the super-wealthy.

Between the lines: Viruses don't care about someone's income, but money can certainly buy extra precautions and assurances, as Bloomberg reports, and the rich often have access to scientists and health experts that the rest of us don't have.

  • They can also use private planes for transportation out of town and purchase high-end concierge medical care — without having to worry about its price tag.

The bottom line: "Resources like money and transportation and information give people head starts on protective and preventive measures, and can help create more comfortable scenarios for people to cope with disasters," Jewel Mullen, associate dean for health equity at the University of Texas at Austin's Dell Medical School, told Bloomberg.

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Bloomberg's historic bust

Mike Bloomberg waves to supporters in West Palm Beach, Florida, on Super Tuesday. Photo: Joe Raedle/Getty Images

Never in American history has a presidential candidate spent more to get less than Mike Bloomberg, making his buy-a-nomination bid a big bust. 

Why it matters: Bloomberg spent $600 million to win as many states as every American who chose not to run: zero. (He has American Samoa to show for it.)

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why we panic about coronavirus, but not the flu

Illustration: Sarah Grillo/Axios

If you’re freaking out about coronavirus but you didn’t get a flu shot, you’ve got it backwards.

The big picture: A novel outbreak will always command more attention than a common illness, and the coronavirus is a serious health threat. But our newfound hyper-vigilance about infections might be more helpful if we could redirect some of it toward influenza — a significantly deadlier virus that strikes every year.

Go deeperArrowJan 29, 2020 - Science