Covid-19’s Impact Won’t End With a Vaccine

The effects of the coronavirus crisis are likely to be felt on the economy for years to come. For the health-care industry that isn’t entirely bad news.


Economic data has improved across the U.S. in recent months, which has led to a sharp stock rally. But rising case counts of Covid-19, the illness caused by the novel coronavirus, and the widespread rollback of state reopening plans present obvious concerns. Barring a sudden deceleration in the spread of the virus, investors’...