In the last decades, emerging and re-emerging epidemics such as AIDS, measles, SARS, H1N1 influenza, and tuberculosis cause death to millions of people each year. In response, a large and intensive research is evolving for the design of better drugs and vaccines. However, studies warn that the new pandemics such as Coronavirus (COVID-19) and even deadly pandemics can emerge in the future. The existing confinement approaches rely on large amount of available data to determine policies. Such dependencies could cause an irreversible effect before proper strategies are developed. Furthermore, the existing approaches follow a one-size fits all approach, which might not be effective. In addition, the economic impacts are not considered in the existing works. In contrast, we develop a game-theory inspired approach that considers societal and economic impacts and formulates the epidemic control as a non-zero sum dynamic game.