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Tsunami of economic turmoil to hit the healthcare in 2021-2022: COVID-19 pandemic is just an earthquake.
- Source :
-
Hospital practice (1995) [Hosp Pract (1995)] 2021 Oct; Vol. 49 (4), pp. 232-239. Date of Electronic Publication: 2021 Apr 21. - Publication Year :
- 2021
-
Abstract
- The COVID-19 pandemic caused the United States to hit record numbers of COVID-19 cases: peak unemployment of 14.7%, an increase in $4 trillion in national debt, and an estimated 3.4% GDP decline. The current socio-economic environment the pandemic created is just an earthquake that can create a tsunami that is bound to hit the healthcare system and can be felt around the globe. This tsunami is composed of a post-pandemic increase in healthcare facilities admission of indigent patients, decrease in medical reimbursement, and high operating costs to maintain healthcare workers, which can cause a synergistic effect that can lead to healthcare facilities experiencing significant negative total revenue. Time is of the essence, and it is imperative to make a collective effort from all healthcare professionals and legislatures to shift the nation's attention to the issue at hand that can threaten the closure of many healthcare facilities post-pandemic.
- Subjects :
- COVID-19 prevention & control
COVID-19 Vaccines supply & distribution
Communicable Disease Control economics
Economic Recession statistics & numerical data
Health Care Sector economics
Health Expenditures statistics & numerical data
Humans
Pandemics
Poverty
SARS-CoV-2
Socioeconomic Factors
United States epidemiology
COVID-19 economics
COVID-19 epidemiology
Health Care Sector organization & administration
Subjects
Details
- Language :
- English
- ISSN :
- 2154-8331
- Volume :
- 49
- Issue :
- 4
- Database :
- MEDLINE
- Journal :
- Hospital practice (1995)
- Publication Type :
- Academic Journal
- Accession number :
- 33866912
- Full Text :
- https://doi.org/10.1080/21548331.2021.1917896