Thursday, April 30, 2020

Millions Of Now-Unemployed Americans Are Making More Money Than They Did When Working

From ZeroHedge:
Social Security Administration numbers show that half of all U.S. workers make less than $33,000 a year.  Of course if you multiply $600 by 52 weeks, you get $31,200.  The provision in the CARES Act that pays this bonus money to unemployed workers is supposed to expire on July 31st, but there is likely going to be a tremendous push to extend these benefits far beyond that date....  
[B]usinesses all over America are not going to be able to “return to normal” if millions upon millions of workers simply do not want to work. 
In fact, a coffee shop owner in Harlan, Kentucky named Sky Marietta just had to close her entire business down because it would cost her former employees “literally hundreds of dollars per week” to be employed. 

Yes, Hospitals Get Paid More For Coronavirus-Coded Patients, Even If They Haven’t Been Tested

From the Daily Wire:
“Hospital administrators might well want to see COVID-19 attached to a discharge summary or a death certificate. Why? Because if it’s a straightforward, garden-variety pneumonia that a person is admitted to the hospital for – if they’re Medicare – typically, the diagnosis-related group lump sum payment would be $5,000,” he added on April 19. “But if it’s COVID-19 pneumonia, then it’s $13,000, and if that COVID-19 pneumonia patient ends up on a ventilator, it goes up to $39,000.” 
Speaking to USA Today, Marty Makary, a surgeon and professor of health policy and management at Johns Hopkins Bloomberg School of Public Health, said via email on April 21, “What Scott Jensen said sounds right to me.”

COVID-19 Could Cut U.S. Healthcare Costs by Half a Trillion Dollars

From BenefitsPro
While the testing and treatment of COVID-19 patients is increasing health care costs across the country, these expenses are dwarfed by the cost reductions resulting from the deferral of nearly all elective care and other care that can be delayed.  
Full story