The virus has spread past the point of containment, Scott Gottlieb said, and hard-hit regions should be moving toward mitigation efforts.
The U.S. will need a "massive financial package" to curb the spread of COVID-19, former Food and Drug Administration commissioner Scott Gottlieb told CNBC on Monday.
He said a financial bailout now to encourage those steps would cost less than one after the outbreak spreads beyond control.The U.S. will need a "massive financial package" to curb the spread of COVID-19, former Food and Drug Administration commissioner Scott Gottlieb told CNBC on Monday. "We're going to end up with a massive fiscal package, a bailout on the back end of this," he said on "." "We are better off using that money up front to help buy some of the actions that we need to mitigate this epidemic rather than spending that money on the back end after we've had a very large epidemic."
Gottlieb, a CNBC contributor who sits on the boards of Pfizer and biotech company Illumina, said the U.S. already has large outbreaks in multiple cities. He warned that if the country does not commit to strong mitigation efforts, the outbreak could overwhelm U.S. hospitals.
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