Bloomberg: Virus Pushes America’s Hospitals to the Brink of Financial Ruin

Bloomberg: Virus Pushes America’s Hospitals to the Brink of Financial Ruin. “It’s one of the cruelest realities of the coronavirus pandemic. America’s already-ailing hospitals are being pushed even further into financial ruin, threatening to force a growing number of them to file for bankruptcy or even close. The onslaught could result in some $202.6 billion in losses for hospitals across the country by the end of June, according to the American Hospital Association. While even stronger facilities see revenue evaporate, the demands of the illness may hasten the demise of weak systems, and federal aid likely won’t be enough as millions lose the private insurance critical for hospitals to pay their bills.”

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