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- According to former Veterans Affairs Secretary David Shulkin, US hospitals could lose more than $500 billion in 100 days during the coronavirus pandemic.
- Congress has appropriated $175 billion, not enough to close the gap
- Shulkin warned, large hospitals could see capabilities and resources fade. Hospitals could be required to prioritize departments and teams and reduce research.
- Some hospitals have already begun pay cuts, furloughs, and layoffs of staff.
- “The consequences to the health care system are literally apocalyptic. In Pennsylvania alone, there will be $9 billion worth of losses, and maybe 30 percent of that will come back.”