Quote:
Originally Posted by Gatorsmash
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The recession is going to be the appetizer, since the admin and cdc have chosen to go the dont test route, when ICU's max out in a month from the 20% who will need it to recover and we physically dont have them like Italy- who also went the dont test route- then things are really going to crater
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Even scarier is the possibility of insolvency of Health Insurance Companies. Will they have the capacity to deal with the possible influx of tens-of-thousands of hospitalizations in just a months time?
Either we're gonna see insurance companies declaring bankruptcy or, more likely, they'll do what the banks did in 2008 - wait til they're already insolvent before they notify the the government causing another "too big to fail" situation where they're poised to request a "bailout" of some kind. Question then becomes whether the Fed has any money to actually bail them out.
People keep saying "there's only 1,000 cases in the US. It's no big deal" etc etc. They don't seem to understand that the 1) We're barely testing anyone in the US and 2) The outbreak is just starting here. China completely shutdown all of Hubei Province and STILL ended up with hundreds-of-thousands of REPORTED infected (who knows what the actual numbers are). Meanwhile the US has done literally NOTHING for the past month while in all likelihood the disease was spreading undetected all throughout the country.
This is a total fucking shitshow!