What has happened in our country – and in much of the world – due to shutting down economies, will make an excellent case study for future economic students. An excellent case study of WHAT NOT TO DO.
Based upon models created by “experts,” hospitals and healthcare facilities have set everything aside to deal with the thousands of anticipated Wuhan virus cases. We have shutdown and basically crashed our economy.
The Institute for Health Metrics and Evaluation (IHME) – funded by Bill Gates – created models to predict how many Americans would die of the Wuhan virus. These numbers were used in anticipation of determining the number of beds needed to treat Wuhan virus victims at hospitals.
Sean Davis at The Federalist has done a good job of tracking the “experts” and their predictions. Turns out they aren’t so “expert” at all. Their numbers have continuously been revised to lower numbers. Or as they say, “our estimates will change, much like weather forecasts adjust.”
Using the IHME models, hospitals began postponing routine surgeries and treatments. It turns out that hospitals are not as full of the anticipated number of Wuhan virus patients. So what are they doing now?
From USA Today: “Thousands of US medical workers furloughed, laid off as routine patient visits drop during coronavirus pandemic”
From their story: “Orr joins thousands of health care workers across the nation who have been laid off, furloughed or are working reduced hours as their services are deemed nonessential and patients skip routine visits during an outbreak of COVID-19 cases, based on reporting from advocacy groups and from news stories from across the nation.
How many health care workers are included in the record 3.28 million Americans that filed for initial unemployment benefits last week is unknown. Specific data from the U.S. Department of Labor will be released when it reports its March unemployment numbers Friday.”
Read the whole story here.
Another example of what is happening in the health care industry as a result of preparing for the worst? Hospitals closing: “Integris Baptist Medical Center Portland Avenue in northwest Oklahoma City is being closed and an unspecified number of patients will be moved to another Integris hospital in the city because of a drop in patients, Integris Health spokeswoman Brooke Cayot said Thursday.”
Read the whole story here.
Stories like this are happening all over the country (except New York).
Turns out that in order to avoid a healthcare system crisis, we somehow have managed to destroy healthcare for millions of people. An excellent case study of WHAT NOT TO DO.
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