The Social Impact of Mixing Business and Medicine

Written by brianwallace | Published 2020/05/17
Tech Story Tags: covid19 | coronavirus-impact-on-business | healthcare | infographic | coronavirus | medical | insurance | health

TLDR U.S. hospitals are now facing critical shortages of equipment in the wake of the coronavirus pandemic. 26% of medical goods are imported from China, and 26% are imported into the United States. Despite the high cost of healthcare, Hospitals only make 1.8% profit on patient care. High costs of care are making 1 in 3 Americans think twice before seeking treatment. Since 2016 the number of uninsured has grown by 1.2 million. Can the American healthcare system find a way forward after this pandemic?via the TL;DR App

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Written by brianwallace | Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW | Founder of The Innovate Summit
Published by HackerNoon on 2020/05/17