In the middle of the coronavirus crisis, some hospitals fear financial ruin
"If we don't bail out the hospitals, we're going to lose ... the front lines."
abcnews.go.com
Late capitalism at its finest.
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
abcnews.go.com
Late capitalism at its finest.
It's what happens when you let the market dictate medical care. It doesn't prepare for the future or any potential emergency, just the here and now. Something as critical as health care shouldn't be left to the free market.
They absolutely are. Perhaps not the front line workers but hospitals are definitely a cog in this shitty system.
like every single problem with private, non-national healthcare exploding all at once at the same time. Goddamn this sucks so bad to live in the US right now.
As a Canadian ....what the fuck is this ? what do you mean hospitals can go bankrupt ? I have a cousin in Ohio that was charged $3,000 for an ambulance ride which cost probably $3 in gas , I hope after all this is over you guys get your shit together and reform the entire system
Hmmm...like any business, you can either continue to further invest in the business or extract profits from it. If you do too much of the late, it can undermine the former.
Another argument for universal public healthcare...
Postpone those plans to gild the entire geriatrics ward in palladium for a few years. You'll be fine.
It's top to bottom systemic in the US. Like for example, current doctors feel obligated to take in enormous salaries, because they usually build up quite a bit of debt going through medical school, because our secondary education in the US is all out of whack regarding pricing. Then you have medical equipment that can be monopolized by patents.
There are lots of invisible costs in running this awful system. It's so gross top to bottom.
yes they certainly are. you don't think companies like Bon Secours, who buy out and then consolidate/shut down hospitals in rural areas, will be a major factor in the lack of beds/supplies when rural hot spots start developing?
If every bad move republicans have made in this crisis doesn't convince people to get out and vote blue, I don't know what will. Even the stimulus bill isn't enough to fix what's going on but can you imagine how bad it would have been for the average American if republicans still controlled both houses of Congress?
I know our system of almost everything is broken but keeping trump in office is like handing gasoline and matches to an arsonist. We have to get rid of him and the senate and replace them with democrats and people who actually give a shit about people.
Trump hasn't once apologized or expressed sympathy for the dead in this crisis. Instead he's called it a hoax and put all of us in danger while he talks about his ratings.
I know our system of almost everything is broken but keeping trump in office is like handing gasoline and matches to an arsonist. We have to get rid of him and the senate and replace them with democrats and people who actually give a shit about people.
Trump hasn't once apologized or expressed sympathy for the dead in this crisis. Instead he's called it a hoax and put all of us in danger while he talks about his ratings.
Urgh. I cant believe the US runs basic things such as healthcare on a profit basis. I am starting to think that something as tiny as a virus will be the one thing that destroys the US fantasy of exceptionalism and the power of the market. What a third world shit show.
As people continue to lose their jobs and their health insurance coverage, there will be less insured people entering hospitals, too.
It's still insane to consider that the US doesn't have a single payer system.
I really don't understand how health care ever became something that needed to generate a profit in the first place.
I mean elective stuff like plastic surgery...sure. But hospitals shouldn't be in danger of going under because they're 'just' saving lives.
I mean elective stuff like plastic surgery...sure. But hospitals shouldn't be in danger of going under because they're 'just' saving lives.
I used to live up in rural central NY for several years earlier in the decade and several hospitals had either already closed or the couple still open were not large or well known. I can easily see the Corona Virus destroying this little regional hospitals that are not at all financially prepared for this kind of harsh reality. It sucks for the employees and it especially sucks for the locals as its already a depressed area and losing any business is bad, especially the one that keeps people alive.
He already said he don't take responsibility. He hasn't before this and he wont after. The only thing Trump is looking for is someone else or something else to take the blame. Thats it. He's already trying to sling around conspiracy theories in the midst of this shit storm.
It is a system that sadly far too many of my fellow citizens think works perfectly fine. Essential services that receive a ridiculous amount of money for years if not decades, brought to their knees in a matter if weeks. Capitalism everyone.
We are talking about the same country that refused to pass any meaningful gun-control legislation after literal children were targeted in a mass shooting.
The United States government and its businesses do not give a fuck about anything unless they can make money off of it or benefit from it in some way. It's citizens are not people in the eyes of the government and corporations. They are merely cattle to be hurted and butchered for their votes and their money. Nothing more. Nothing less.
Gun manufacturers aren't responsible for the system they live in.
They both heavily profit off of the system they live in and both actively campaign and lobby to stop gun control and Medicare for all respectively.
How was there ANY money set aside in this aide package other than hospitals and people....The Kennedy Center we should be FURIOUS news story like this exist when the arts are getting funded.
Unfortunately due to lack of universal health care and lack of government oversight, we are in this crazy inefficient system that I mostly blame the insurance companies for. This is definitely one area where free market absolutely makes no sense. But anecdotally, hospitals are bleeding money during this crisis because they have to cancel a lot of none essential patient care. So unless they start laying off those doctors like other industries they are bleeding like crazy.
Even Not-for-profit still needs a positive balance sheet as well, so no one is immune. Many of those probably have less of a reserve. Right now hopefully they get an infusion of support quickly since the bill has been signed.
I feel like there might be some other countries in the world that have this problem figured out.
If this was some rural hospital then maybe I'd have some sympathy but major hospitals in big cities have been screwing people for generations
As a Canadian, it's pretty mind boggling to hear that a hospital can go into bankruptcy... like it's not even a thought that occurs to me
Oh I know. I saw his bullshit on Sunday about masks "disappearing".
It enrages me every day that people can't see what a fucking con man he is. Seeing how many people have this guy's back in the face of all of this just... holy shit. It makes me question the decency of every single person I know who's a republican or conservative.