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Amid pandemic, hospitals face financial peril
A pushes a gurney stretcher along a hospital corridor. (Photo: Spotmatik Ltd, via Shutterstock)California’s hospitals are experiencing unprecedented financial stress due to the COVID-19 pandemic, with net losses projected to hit $14.6 billion by the end of 2020. The losses are “way above anything anyone could have anticipated… the costs have been nothing like we have ever seen before,” said Jan Emerson-Shea, a spokeswoman for the California Hospital Association, which represents about 400 hospitals, large and small.
