KEY POINTS
  • Labs across the nation are falling behind in processing and delivering test results as a surge in coronavirus cases across the Sun Belt strains their systems.
  • "The simplest thing, which has to do with such insanity, is you should not reimburse somebody for getting a test that it takes more than 48 hours to get the result back," Gates said.
  • Inadequate coronavirus testing infrastructure has hampered the U.S. response since the beginning of the outbreak.
Bill Gates

Most U.S. coronavirus tests are a "complete waste" because it takes so long to get results in time for people to self-isolate once they find out they have the virus, billionaire philanthropist Bill Gates told CNBC.

President Donald Trump has touted the increase in U.S. testing capacity, even calling the country the "envy of the world" for how many tests it runs every day. However, the turnaround time of many of those tests, and arguably the most important kinds of tests, has gotten so long that many health officials have said they are unhelpful when it comes to stopping the outbreaks across the country.