Why US hospitals are going bankrupt

[Yo_Mama_Been_Loggin]

Hospitals across the United States are facing financial ruin.

As coronavirus spreads across rural America, many struggling hospitals are seeing a massive loss of revenue after they were forced to cancel profitable elective procedures.

At the same time, many of those same facilities are in urgent need of pricey ventilators to keep their Covid-19 patients alive.

"A lot of hospitals are holding off on ordering ventilators because of the financial implications of this. And again, I think this is an issue with smaller hospitals," said Dr. Chethan Sathya, a physician at New York-based Northwell Health. "This could bankrupt many of those smaller hospitals."

Before the pandemic, about half of rural hospitals operated in the red.

https://www.msn.com/en-us/money/companies/why-us-hospitals-are-going-bankrupt/ar-BB13UFv1?li=BBnb7Kz

[iemitsu]

1. One major problem associated with

for-profit hospitals.
A good argument for nationalization.

[SouthernCal_Dem]

2. Hospitals should be trying to serve all patients and get them everything they need

They shouldn't be in the business of trying to make money.

There's the problem.

[mitch96]

3. Other than a government paid system, how would hospitals pay for the services they provide?

The way it works now if hospitals don't run like a business they go under.. Ahh capitalism...
m