D Magazine – Why Are Hospitals More Full Now Than During Last Year’s COVID-19 Peak?

Source: https://www.dmagazine.com/healthcare-business/2021/08/why-are-hospitals-filling-up-now-more-than-during-the-covid-19-peak/

BY WILL MADDOX 

Much has been made of the lack of hospital beds in North Texas during the recent COVID-19 surge. The dearth of pediatric ICU beds at local children’s hospitals made it on CNN, with Dallas County Judge Clay Jenkins making dark predictions like, “Your child will wait for another child to die” before they receive care. Things have gotten so bleak that Jenkins has taken to tweeting out the number of available ICU beds in the region each day. 

But the explosion of COVID-19 cases over the past six weeks still hasn’t reached the peak numbers North Texas saw in January. So why are we seeing dire headlines about the lack of beds when COVID-19 infections were statistically worse earlier this year?

Several factors beyond COVID-19 cases are contributing to the lack of bed space. One is the overall hospital census, which is greater than during the peak of COVID-19 this winter. Many were afraid to call 911 during the earlier waves, and heart attack victims, stroke victims, and other emergencies never made it to the hospital. Emergency service companies reported a 35 percent decrease in emergency calls and an increased number of dead arrivals at different stages during the pandemic. Patients are now more comfortable coming to the hospital, and, after months of delayed care, they are looking to catch up on missed appointments, procedures, and treatments. After the winter surge, hospitals have stayed full with non-COVID-19 patients. 

Another issue is the staff shortage. A hospital may have available space, but if there isn’t staff to attend to those patients, a patient can’t occupy that bed. During the first waves of COVID-19, different regions of the country experienced surges at different times. That meant hospitals could bring in traveling caregivers to staff the beds. “There is no rescue cavalry, and it is so bad everywhere, that no one available to come to our aide,” says Dr. Mark Casanova, a palliative care physician with Baylor Scott & White and a member of the Texas Medical Association’s COVID-19 Task Force. (He was also the president of the Dallas County Medical Society in 2020 during the pandemic.) 

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The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

That didn’t take long.  On Monday, the Dow was down another 326 points.  Overall, the Dow has now fallen more than 1000 points from the peak of the market (16,588.25) back in late December.  This is the first time that we have seen the Dow drop below its 200-day moving average in more than a year, and there are many that believe that this is just the beginning of a major stock market decline.  Meanwhile, things are even worse in other parts of the world.  For example, the Nikkei is now down about 1700 points from its 2013 high.  This is causing havoc all over Asia, and the sharp movement that we have been seeing in the USD/JPY is creating a tremendous amount of anxiety among Forex traders.  For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable.

Unfortunately, there does not appear to be much hope on the horizon for investors.  In fact, troubling news just continues to pour in from all over the planet.  Just consider the following…

-Major currencies all over South America continue to collapse.

-Massive central bank intervention has done little to slow down the currency collapse in Turkey.

-Investors pulled more than 6 billion dollars out of emerging market equity funds last week alone.

-The CBOE Volatility Index (VIX) has risen above 20 for the first time in four months.

-Last month, new manufacturing orders in the United States declined at the fastest pace that we have seen since December 1980.

-Real disposable income in the United States has just experienced the largest year over year drop that we have seen since 1974.

-In January, vehicle sales for Ford were down 7.5 percent and vehicle sales for GM were down 12 percent.  Both companies are blaming bad weather.

-A major newspaper in the UK is warning that “growing problems in the Chinese banking system could spill over into a wider financial crisis“.

-U.S. Treasury Secretary Jack Lew is warning that the federal government could hit the debt ceiling by the end of this month if Congress does not act.

-It is being reported that Dell Computer plans to lay off more than 15,000 workers.

-The IMF recently said that the the probability that the global economy will fall into a deflation trap “may now be as high as 20%“.

-The Baltic Dry Index is now down 50 percent from its December highs.

If our economic troubles continue to mount, could we be facing a global “financial avalanche” fairly quickly?

That is what some very prominent analysts believe.

Below, I have posted quotes from five men that are greatly respected in the financial world.  What they have to say is quite chilling…