California Hospitals Cite $14 Billion In Losses During Coronavirus Pandemic, Seek Aid

California hospitals have suffered as much as $14 billion in losses by postponing elective surgeries and other procedures to clear space in anticipation of a flood of coronavirus patients that never occurred, the hospital association said Monday in asking state lawmakers to immediately approve $1 billion in financial aid.

“We emptied California’s hospitals to make way,” California Hospital Association President and CEO Carmela Coyle told a budget subcommittee, as most state Assembly members returned to the state Capitol for the first time during the pandemic.

The decision on halting some procedures was “the right thing to do,” she said. “But as we begin to access the damage, the toll is enormous.”

Read more.