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California hospitals struggle financially after preparing for COVID-19 surge that never came

By Reuters  
   May 28, 2020

The cost of surge preparation - setting up field hospitals, doubling the number of intensive care rooms, purchasing protective equipment - dealt a blow to hospital bottom lines, while the ban on all non-emergency procedures cut revenues in half. The measures drove hospitals in California close to bankruptcy, costing them as much as $14 billion and forcing them to lay off of thousands of health care workers.

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