Healthcare DIVE July 29, 2021
- The effects of the COVID-19 pandemic on the U.S. healthcare system will be felt for decades, and “the magnitude and costs are inestimable,” according to a report from Fitch Ratings out Wednesday. The analysts predict, however, that the industry will adapt.
- It’s unclear whether the country is out of the acute phase of the pandemic, as the delta variant is pushing case counts up again and sending hospitals in areas with low vaccination rates scrambling. Also, the costs of long-haul COVID-19 and avoided preventive care are likely to be massive, according to the paper.
- In addition, hospitals will face increased pressure from tight labor and wage markets, especially for experienced staff, as well as rising pharmaceutical and...