Study: Many Hospitals Profited During COVID Pandemic

A new study reveals that nearly 75 percent of all U.S. hospitals were able to post positive operating income at the height of the Chinese Coronavirus pandemic, primarily due to relief funds provided by the government.

As Axios reports, the analysis by JAMA Health Forum shows that the average hospital’s operating margins – the difference between revenue and expenses – hit an all-time high in 2020 and 2021, the first two years of the pandemic. Many hospitals continue to post improving operating margins even after 2022 despite the rising inflation, which some have attributed to the massive profits in the first two years of COVID.

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Study: Many Hospitals Profited During COVID Pandemic

A new study reveals that nearly 75 percent of all U.S. hospitals were able to post positive operating income at the height of the Chinese Coronavirus pandemic, primarily due to relief funds provided by the government.

As Axios reports, the analysis by JAMA Health Forum shows that the average hospital’s operating margins – the difference between revenue and expenses – hit an all-time high in 2020 and 2021, the first two years of the pandemic. Many hospitals continue to post improving operating margins even after 2022 despite the rising inflation, which some have attributed to the massive profits in the first two years of COVID.

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Pennsylvania Republicans Consider Paths to Hospital Price Transparency

A committee of GOP Pennsylvania lawmakers on Thursday gathered in downtown Lewisburg to consider ways to make patients aware of hospital service prices ahead of time. 

At the House Republican Policy Committee hearing at the Open Discourse Coalition headquarters, policy experts testified that, despite a new federal rule requiring price transparency, many hospitals still fail to accurately inform patients of procedures’ costs. Representative David Rowe (R-Middleburg), who organized the event, recalled constituents telling him they’ve faced shocking examples of pricing opacity.

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Dozens of Hospitals Have Closed in States That Expanded Medicaid, Research Shows

Medicaid expansion has failed to prevent hospital closure, with almost 50 shutting down in expansion states since 2014, according to research given exclusively to the Daily Caller News Foundation.

The research from the Foundation for Government Accountability (FGA) indicates that while Medicaid expansion was intended to solve hospitals’ finances and job shortage, its “empty promises” have done the opposite, report author Hayden Dublois wrote. Hospitals instead have had to shut their doors, lost thousands of jobs and racked up substantial losses, amounting to a loss of almost 5,400 beds.

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‘Fuel Poverty’ Stresses Pennsylvania’s Hospitals

Pennsylvania’s hospital administrators say rising energy costs driving worldwide “fuel poverty” threaten the stability of the entire U.S. health care system.

“Folks can’t pay to heat their homes,” Chuck DiBello, vice president of facilities and real estate for the Allegheny Health Network, told the Senate Majority Policy Committee. “They get sick and they come to the hospital – sometimes just to get warm.”

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Commentary: Joe Biden’s Failed Policies Has Lead to a COVID Test Shortage

President Joe Biden walks with House Speaker Nancy Pelosi, D-Calif., as he departs the U.S. Capitol after addressing the House Democratic Caucus, Thursday, October 28, 2021, in Washington, D.C. (Official White House Photo by Adam Schultz)

America has basically run out of tests for Covid-19 as lines are forming at emergency rooms, urgent care facilities and doctors’ offices, and now patients are simply being turned away nationwide. In the meantime, tests are being rationed to those with greater risk factors just a month after President Joe Biden was pushing “test to stay” in order for Americans to be allowed to go to work, school and to travel.

This comes as the Institutes for Health Metrics and Evaluation (IHME) project an estimated 1.9 million probable Covid infections in the U.S per day — and rising. By the end of January, IHME estimates as many as 2.8 million new cases per day, largely thanks to the new omicron variant that accounts for 95 percent of all new cases, the Centers for Disease Control say.

For perspective, last year, IHME estimated cases peaked at over 500,000 a day in early Jan. 2021.

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Hospitals Are Getting Away with Ignoring Price Transparency Rules, Experts Say

Many hospitals are not complying with laws requiring them to make their healthcare prices publicly available, according to multiple reports, and the Biden administration has so far refrained from issuing penalties.

The Hospital Price Transparency rule, which went into effect Jan. 1, 2021, is designed to promote competition in healthcare markets by requiring hospitals to post their prices, so that consumers can compare and shop between hospitals. The law mandates hospitals to post their pricing data “as a comprehensive machine-readable file with all items and services” as well as “in a display of shoppable services in a consumer-friendly format.”

However, according to recent reports, many hospitals have yet to comply with the rules a year after they have been in effect. An investigation by The Wall Street Journal last week found that many of the nation’s largest hospital chains were not complying with the new rules.

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Facing Labor Shortages, Several Large Hospital Systems Drop Vaccine Mandates

Several large U.S. hospital systems have dropped their COVID-19 vaccine requirements for employees in the wake of a U.S. district court’s temporary halt of the Biden regime’s vaccine mandate for healthcare workers.

After months of protests, the mandate forced thousands of hospital employees to either resign, or be terminated because of their refusal to get vaccinated.

Louisiana-based federal Judge Terry Doughty issued a preliminary injunction on November 30, blocking the federal government from mandating the experimental injections for workers at Medicare or Medicaid-funded healthcare facilities in 40 states.

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