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Whatever the other merits of this proposal, funneling another ~$30B to hospitals is the antithesis of "targeted relief."
A dozen hospital chains just presented at #JPM21, two weeks ago.
General theme: Financially speaking, hospitals are doing quite well. 1/n
We have, for example, Community Health Systems, which operates 89 hospitals in 16 states, many of them in smaller towns / metro areas.
Through the pandemic, CHS's EBITDA margin never even fell into single digits, and profitability actually *increased* in 2020.
Meanwhile, Lifepoint Health (84 hospitals, 30 states) also saw profits increase in 2020, while its cash-to-debt ratio fell. Pretty solid year.
ProMedica Health (non-profit, 13 Midwestern hospitals) actually saw profits increase even in *the first half of 2020,* when hospitals were supposedly facing catastrophe.
They finished the year with ~$440M of EBITDA, and $2.3B of cash on hand.
Baylor Scott & White (52 hospitals) saw its profit margin *more than double* during the pandemic year, and ended September with $7.8 billion of cash and portfolio investments.
That's about $600M more than they had pre-pandemic.
A dozen hospital chains just presented at #JPM21, two weeks ago.
General theme: Financially speaking, hospitals are doing quite well. 1/n
The new GOP Covid-19 relief offer includes the $20B that Biden asked for on vaccine distribution, and also calls for $35 billion in new grants for hospitals and health providers that wasn't included in Biden's plan pic.twitter.com/DMjVPahc64
— Rachel Cohrs (@rachelcohrs) February 1, 2021
We have, for example, Community Health Systems, which operates 89 hospitals in 16 states, many of them in smaller towns / metro areas.
Through the pandemic, CHS's EBITDA margin never even fell into single digits, and profitability actually *increased* in 2020.

Meanwhile, Lifepoint Health (84 hospitals, 30 states) also saw profits increase in 2020, while its cash-to-debt ratio fell. Pretty solid year.

ProMedica Health (non-profit, 13 Midwestern hospitals) actually saw profits increase even in *the first half of 2020,* when hospitals were supposedly facing catastrophe.
They finished the year with ~$440M of EBITDA, and $2.3B of cash on hand.

Baylor Scott & White (52 hospitals) saw its profit margin *more than double* during the pandemic year, and ended September with $7.8 billion of cash and portfolio investments.
That's about $600M more than they had pre-pandemic.

UPDATE ON MARKETS: What an eventful start to 2021. Between short-squeezes and hedge funds blowing up, volatility was definitely on the forefront during January. FTSE/JSE All Share (JSE) improved by 5.21% during January, bringing the 12-month returns to 14.51%.
2/12
South African Large Caps dominated during January, growing by 5.41%. Mid Caps and Small Caps grew by 2.59% and 3.88%, respectively.
3/12
The FTSE/ JSE All Share (+1.95%) enjoyed a better month than the MSCI All Country World Index (-0.45%) again in USD terms. The 12-month performance for the JSE in USD-terms is now only lagging behind the MSCI ACWIÂŽs performance by 3.7%.
4/12
The #FearandGreed #SouthAfrica #Index moved into GREED territory during January. For those followers who'd like to get more information on the Fear & Greed South African Index, can click here: https://t.co/bYOL5Bz2cf
5/12
Foreigners were net buyers of both SA Equities and Bonds during January. This makes foreigners buyers of SA Equities and Bonds for 3 months in a row now.

2/12
South African Large Caps dominated during January, growing by 5.41%. Mid Caps and Small Caps grew by 2.59% and 3.88%, respectively.

3/12
The FTSE/ JSE All Share (+1.95%) enjoyed a better month than the MSCI All Country World Index (-0.45%) again in USD terms. The 12-month performance for the JSE in USD-terms is now only lagging behind the MSCI ACWIÂŽs performance by 3.7%.

4/12
The #FearandGreed #SouthAfrica #Index moved into GREED territory during January. For those followers who'd like to get more information on the Fear & Greed South African Index, can click here: https://t.co/bYOL5Bz2cf

5/12
Foreigners were net buyers of both SA Equities and Bonds during January. This makes foreigners buyers of SA Equities and Bonds for 3 months in a row now.

This month, in honor of Black History Month, we wanted to highlight 17 Black chemists you might have missed in class:
Winifred Burks-Houck was an environmental organic chemist and the first woman president of @NOBCChE. During her work at @Livermore_Lab she minimized threats to worker safety and limited the labâs environmental impact. Learn more about her at https://t.co/XY47pzQbuU #BlackInSTEM
Charles Drew, better known as the father of the blood bank, found that blood could be preserved longer once the plasma and the red blood cells were separated. A well-timed finding, since WWII was breaking out in Europe. Read more about Drew at https://t.co/GuSZajs8OO #BlackInChem
James Andrew Harris played a key role in the discovery of two elements. During his time @BerkeleyLab in the â60s, Harris and his team discovered two elements: 104, rutherfordium, and 105, dubnium. Learn more about Harris at https://t.co/HKjp7jaPFN #BlackInChem #BlackInSTEM
Angie Turner King was a prominent chemist educator in a period when few womenâlet alone Black womenâwere scientists. She built a successful career and mentored many accomplished scientists. Read more about King at https://t.co/pwmycraxYP #BlackInSTEM #WomenInSTEM #ChemEd

Winifred Burks-Houck was an environmental organic chemist and the first woman president of @NOBCChE. During her work at @Livermore_Lab she minimized threats to worker safety and limited the labâs environmental impact. Learn more about her at https://t.co/XY47pzQbuU #BlackInSTEM

Charles Drew, better known as the father of the blood bank, found that blood could be preserved longer once the plasma and the red blood cells were separated. A well-timed finding, since WWII was breaking out in Europe. Read more about Drew at https://t.co/GuSZajs8OO #BlackInChem

James Andrew Harris played a key role in the discovery of two elements. During his time @BerkeleyLab in the â60s, Harris and his team discovered two elements: 104, rutherfordium, and 105, dubnium. Learn more about Harris at https://t.co/HKjp7jaPFN #BlackInChem #BlackInSTEM

Angie Turner King was a prominent chemist educator in a period when few womenâlet alone Black womenâwere scientists. She built a successful career and mentored many accomplished scientists. Read more about King at https://t.co/pwmycraxYP #BlackInSTEM #WomenInSTEM #ChemEd
