COVID 2025: How The Pandemic Is Changing Our World

What’s only beginning to emerge is the potential for sweeping impacts from coronavirus on developing nations, which could have a deep impact on the global economy in the years ahead. In addition, Poast says, watch for the power of the U.S. Federal Reserve to continue to grow globally and increased evidence of the need for global political solutions rather than just advances in technology.

Changing the face of health care

The coronavirus pandemic is upending health care in the United States. It could result in a series of changes, ranging from a sizable expansion in telemedicine to a dramatic shift in how we think about health care coverage, says Prof. Katherine Baicker, a leading health economist at the University of Chicago and dean of the Harris School of Public Policy.

In this episode of “COVID 2025: Our World in the Next 5 Years,” Baicker discusses how the pandemic has shown the interconnectedness of the U.S. population—and that old dividing lines between the insured and uninsured no longer make sense. The pandemic could result in support for a more robust public health care system and a variety of new tools to monitor public health, and ramp up or ramp down economic activity if needed.

At the same time, Baicker sees the potential for new measures to increase the flexibility of the U.S. health care system. They could include allowing nurses to work in different states under a single license, letting physician assistants provide expanded care, and removing liability barriers to allow medical equipment makers to increase production at times of crisis.

How an explosion in remote learning changes education

The coronavirus pandemic has caused the United States and other nations around the world to rush into remote learning. This sudden shift will have a sizable impact on teaching and learning long after COVID-19 crisis ends, says Prof. Randal C. Picker, a leading legal scholar at the University of Chicago Law School.

In this episode of “COVID 2025: Our World in the Next 5 Years,” Picker says that the technology and infrastructure for remote learning has been building in the United States over the last decade, making the huge push online possible. This massive shift is resulting in experimenting on a global scale, while underscoring a digital divide based on income and location that has long existed, says Picker, the James Parker Hall Distinguished Service Professor of Law.

Remote learning is a powerful tool from elementary school to professional education classes, and while Picker says it doesn’t replace the classroom, it shrinks distances and supports teaching in new and interesting ways. For example, inviting a guest speaker from Europe is a few clicks away rather than requiring air travel.

However, considerable regulatory steps are needed over the next five years to support the growth in distance learning, including addressing privacy concerns and increasing federal funding for infrastructure to increase broadband access. To close the digital divide, the federal government needs to view broadband like the U.S. Postal Service when it was first developed, concentrating on connecting all citizens rather than just communities where the service makes economic sense, Picker says.