Hospitals Expect To Lose More Than $200 Billion Because Of The Coronavirus
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The United States’ health care industry is losing billions of dollars every week during the coronavirus pandemic, resulting in widespread layoffs and furloughs as waiting rooms lie paradoxically empty during an unprecedented health crisis.
The country’s hospitals and health systems are expected to lose $202.6 billion from March 1 to June 30, according to a new report from the American Hospital Association, which is advocating for federal relief funds for hospitals.
“It is a catastrophic number,” Aaron Wesolowski, the AHA’s vice president of policy research, analytics, and strategy, told BuzzFeed News. “It’s clear there are going to be serious financial consequences for hospitals and health systems.”
Other than treating the coronavirus, hospitals have come to a virtual standstill during the outbreak. Governors around the country have asked hospitals to cancel nonessential procedures and elective surgeries, operations that …continued .