From Washington Post:
“Last week, Bon Secours Mercy Health, which runs 51 hospitals in seven states, announced it would furlough 700 workers. On Wednesday, Ballad Health, which operates 21 hospitals across Tennessee and southwest Virginia, delivered the same bad news to 1,300 employees and said executives would take pay cuts. Employees at Children’s National Hospital in the District were informed this week that they must take off one week, using either vacation time or, if they have none, unpaid leave.”
All of this is happening while hospitals nation-wide have cancelled cancer surgeries, organ implants, necessary treatments for children, and more, all because they’re awaiting an influx of COVID-19 patients that will never occur. The damage from the federal /state/local/regulatory response has far surpassed whatever damage that COVID-19 could cause in 100 years.
H/t to the great economist, Toby Rogers, PhD