Who is going to pay the bill for the massive run on hospitals that is going to take place in early May, if Italy is any guide? Unless the major health insurers have adequate reinsurance in place, they are going to go belly-up. Same with hospital providers, they are going to have to provide surge capacity, yet in the last 30 years they have been run by economists who have been trained in the just-in-time mindset.

There will have to be a bailout, and the aftermath should mean nationalization. Public health has been neglected for far too long.