That’s more or less the question posed by a new Oxford study making the rounds, especially thanks to a Financial Times write-up. The study posits a scenario in which only 1 percent or even 0.1 percent of people are susceptible to falling severely ill from the virus. If there are 99 or 999 mild cases for every serious one, of course, a bigger share of the population has already had the virus than we previously thought. In the U.K., 40 or even 68 percent of the population might already be immune, per the study’s modeling.
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