Alex Berenson uncovers another conspiracy theory that in fact is absolutely the truth
Covid was very profitable for hospitals
American hospitals made more money than ever during Covid, thanks to special government subsidies, a new study shows.
Hospital profit margins in 2020 and 2021 more than doubled compared to 2019, researchers reported in JAMA Health Forum last month. In all, hospitals made at least $16 billion more in profits during the two Covid years than they did in 2019, the researchers found.
Hospitals delayed profitable elective procedures early in the pandemic and had extra costs for traveling nurses and protective gear. But the 20 percent bonus they received for Covid patients and other special funding more than made up the difference for most hospitals.
“COVID-19 relief funding aided in operating margins reaching all-time highs,” the researchers wrote. “Funding amounts may have been larger than was necessary for many hospitals.”
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