$1.5 Billion Needed to Eradicate Polio. Mike Bloomberg Donates $25 Million to Fund

Wednesday, October 26, 2016

Although no reported US cases of Polio have been reported since 1999, the possibility of the contracting the disease is still alive. However, the CDC says that the disease is very close to being eradicated, a billion and a half dollars close to be in fact.

Reza Hossaini, director of polio eradication for UNICEF, noted that it will take an estimated $1.5 billion to eradicate polio. People are paying contributions to the cause to make sure the country never has to deal with the disease again.

This week, former New York City Mayor Michael Bloomberg donated another $25 million to the Global Polio Eradication Initiative, after previously donating $100 million in 2013.  Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates LP, contributed another $30 million, after previously contributing $50 million in 2014; and an anonymous donor contributed $15 million, Dr Frieden, director of the CDC reported.

Source: Rare Disease Report (link opens in a new window)

Health Care
infectious diseases, philanthropy