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May 19, 2020

Hospitals, health care sector reel from COVID-19 damage

  • In many cases, hospitals that lose those profitable surgeries are gaining COVID-19 patients — and losing money on them.
  • By TOM MURPHY
    AP Health Writer

    The global coronavirus pandemic has created a huge need for health care in the U.S., but it also is delivering a devastating financial blow to that sector.

    COVID-19 worries have kept patients away from doctors' offices and forced the postponement and cancellation of non-urgent surgeries. The pandemic also has shut down large portions of the American economy, leaving many would-be patients without insurance or in a financial pinch that makes them curb spending.


     
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