State’s hospital profits soar

Arizona hospitals overall saw huge increases in their profits last year despite — or more likely, because of — COVID-19.

Arizona hospitals overall saw huge increases in their profits last year despite — or more likely, because of — COVID-19.

In this story published on Oct. 1, 2021, in the Arizona Capitol Times:

But some COVID-19 patients might not require ICU care or the intense care that the subsidy was designed to cover. And so hospitals could make a profit on those patients.

– Marjorie Baldwin, professor of economics