Plunge in health-care spending a big reason US economy sank in first quarter [MSNBC.com]
Community Health Systems, Inc. (CYH)
Last community health systems, inc. earnings: 4/28 04:15 pm
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Source: MSNBC.com
A COVID-19 patient is delivered by ambulance to Wyckoff Heights Hospital in Bushwick, New York, Thursday, April 2nd, 2020.B.A. Van Sise | NurPhoto | Getty ImagesThe coronavirus pandemic has put health care at the forefront of the nation's economic crisis, but it has also put a lot of economic activity from it on hold. Consumer spending on health care plunged 18% in the first three months of the year, making it one of the leading factors in the sharp drop in first-quarter economic growth, according to the Commerce Department's first-quarterGDP estimate"That really gets to how this isn't just a numbers game about (the virus)," said Diane Swonk, chief economist at Grant Thornton. "There's collateral damage to the one sector that you would intuitively think would benefit most from a health crisis, and it's losing money and losing jobs ... because you displaced activity that was profitable." She called the drop-off the sharpest in recent memory.State and federal officials ordered hospitals
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News
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- Community Health Systems, Inc. (NYSE:CYH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Community Health Systems, Inc. (NYSE: CYH) had its price target raised by analysts at Truist Financial Co. from $3.25 to $3.75. They now have a "hold" rating on the stock.MarketBeat
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CYH
Earnings
- 4/24/24 - Miss
CYH
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/18/24 - Form 8-K
- CYH's page on the SEC website