Ahh, oof and ouch AHH: Hospital stocks are up, reflecting post-covid growth.Hospitals were hit hard by covid-19 as patient volumes plummeted in the early days of the pandemic and elective procedures were suspended. But following an influx of government assistance, rebounding patient volumes and long-term initiatives to boost profits, their financial fortunes are looking up. Shares of big hospital operators such as Tenet Healthcare and Community Health Systems have significantly outperformed the market. HCA Healthcare is also up. An ambulance arrives at a Texas hospital. (Callaghan O'Hare/Reuters) | "What began as a recovery rally for hospital stocks could now prove to be longer lasting, say analysts and industry investors. Rebounding patient volumes are combining with longer-term initiatives to squeeze more profits out of hospitals," the Wall Street Journal's Brian Spegele reports. The pandemic added urgency to long-term initiatives to boost profits, including selling off less profitable assets and shifting services to lower-cost outpatient treatment. Another factor in investors' optimistic outlook: the Biden administration's support for the Affordable Care Act, which helps cover patients who otherwise might not be able to pay. OOF: Nearly all covid deaths are now among the unvaccinated."An Associated Press analysis of available government data from May shows that 'breakthrough' infections in fully vaccinated people accounted for fewer than 1,200 of more than 853,000 COVID-19 hospitalizations. That's about 0.1%. And only about 150 of the more than 18,000 COVID-19 deaths in May were in fully vaccinated people. That translates to about 0.8%, or five deaths per day on average," the Associated Press's Carla K. Johnson and Mike Stobbe report. The United States is currently recording about 300 deaths from covid-19 a day, but that number could go down to almost zero if everyone were vaccinated, according to the AP's analysis of data from the Centers for Disease Control and Prevention. The CDC itself has not estimated hospitalizations and deaths among the fully vaccinated, citing limitations in the data, including the fact that only 45 states report breakthrough infections and some are less aggressive in documenting them. "Still, the overall trend that emerges from the data echoes what many health care authorities are seeing around the country and what top experts are saying," Carla and Mike report. Earlier this month, Andy Slavitt, a former coronavirus adviser to the Biden administration, suggested that 98 to 99 percent of deaths from covid-19 are among the unvaccinated. And CDC Director Rochelle Walensky recently touted the effectiveness of the vaccines, saying "nearly every death, especially among adults, due to COVID-19, is, at this point, entirely preventable." OUCH: The World Health Organization is predicting the most vulnerable will need annual coronavirus boosters.An internal document reported on by Reuters forecasts that those most vulnerable to covid-19, such as the elderly, will need an annual booster shot, while the general population will need a booster shot every two years, Reuters's Francesco Guarascio reports. The estimate is part of a report that is being discussed this week at a board meeting of Gavi, a vaccine alliance that co-leads the WHO's Covax coronavirus vaccine program. The report does not say how the WHO reached its forecast for booster shots, but it shows that health officials expect new variants to continue to emerge. |
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