A new generation of Covid-19 treatments will soon be available, and they matter more than many people realize. They have the potential to substantially reduce hospitalization and death. In the simplest terms, they can help turn Covid into a more ordinary respiratory disease, similar to the common cold or flu, rather than one that's killing about 1,000 Americans a day and dominating daily life for millions. Two treatments are on the way one from Pfizer and one from Merck " and they will have both medical and psychological benefits. Not only can they reduce serious Covid illness, but they can also reduce Covid fears and help society move back to normalcy. Both Pfizer's and Merck's treatments are pill regimens that people take for five days after a positive Covid test. The pills prevent the virus from replicating inside the body and are broadly similar to treatments that revolutionized H.I.V. care in the 1990s. In truth, the virus has already been largely defanged. The death rate for vaccinated adults under 50 is virtually zero. Pfizer has projected that it will produce enough doses to treat 20 million people in the first half of next year. The Biden administration has agreed to buy 10 million of the treatments, known as Paxlovid, at a cost of about $530 each. Merck projects that it will produce more than 10 million courses of its drug, called molnupiravir, by the end of this year. The federal government has agreed to buy 3.1 million of those courses for around $700 each.