According to the Report, the Largest Hospital Systems in North Carolina Made Record Profits While Taking Billions of Dollars in COVID Relief
American Health Care as We Call It Today, and For All Its High-Tech Miracles, Has Evolved Into One of the Most Atrocious Rackets the World Has Ever Seen, by Racket… I Mean an Enterprise Organized Explicitly to Make Dishonest Money.
According to a study issued Wednesday by the state treasurer’s office, North Carolina’s major hospital systems profited billions of dollars during the pandemic despite receiving $1.5 billion in taxpayer-funded COVID-19 relief payments.
State Treasurer Dale Folwell issued the report, headlined “North Carolina Hospital Systems Profit During COVID,” in which he urged hospital systems to “use their earnings to cut expenses for patients” or “return superfluous, taxpayer-funded relief monies.”
According to the research, Atrium Health, Cone Health, Duke Health, Novant Health, UNC Health, Vidant Health, and WakeMed earned $5.2 billion in net profits in 2021 and increased cash and financial investments by $7.1 billion from 2019 to 2021.
According to the analysis, six of those hospital systems had larger net profits than in the years before the epidemic.
This expansion occurred as the seven hospital systems allegedly accepted $1.5 billion in taxpayer-funded COVID assistance aimed to assist hospitals dealing with the epidemic, as well as additional $1.6 billion in Medicare Accelerated and Advance Payments from 2020-2021.
“These systems boasted enormous reserves, but they still took the majority of the relief funds meant for struggling hospitals—and then failed to devote more than a fraction of their windfall to increasing charity care for their suffering patients,” Folwell said in a press release announcing the report.
‘Enough money on hand’
The analysis, which was performed in partnership with experts from the North Carolina State Health Plan and the National Academy of State Health Policy, examined the audited annual financial statements of the state’s seven major hospital systems as well as Medicare cost data.
It was peer-reviewed by Johns Hopkins Bloomberg School of Public Health academics.
According to the research, Duke Health outperformed the other seven hospital systems with a 41 percent net profit in 2021. Duke Health’s net profit margin in 2019 was 11%.
Meanwhile, Atrium Health allegedly received the greatest taxpayer relief funds—$589 million in COVID assistance and another $438 million in Medicare advance payments.
According to the research, “Atrium Health then achieved a $1.7 billion net profit following its merger with Wake Forest Baptist Health in 2021.”
Despite receiving massive government handouts, the report claims that all seven hospital systems had vastly more resources than rural hospitals and independent physicians, with the majority having “enough cash on hand to operate for more than half a year without any incoming revenue, as well as billions of dollars in cash and financial investments.”
The investigation also discovered that, despite their claimed earnings, hospital systems shared little of them with underprivileged patients, noting that a third of North Carolina hospitals spent less on charity care in 2020, when the epidemic was at its height.
From 2019 to 2020, charity care expenditure grew by just $246.5 million across 104 hospitals, but some hospitals boosted charging of impoverished patients who were eligible for charity treatment.
According to the study, Atrium Health sued hundreds of people. ‘Politically driven’ “While front-line health-care employees suffered, hospital CEOs earned billions on Wall Street,” Folwell said. “None of these charitable organizations pay property, income, or sales taxes.” Even though thousands of North Carolinians lost their companies and employment as a result of the epidemic, many failed to completely respect their benevolent objective.”
Folwell is pressing hospital systems to either refund public funds or commit to lowering hospital prices. The Treasurer also supports the Medical Debt De-Weaponization Act, which attempts to improve medical debt accountability, transparency, and consumer safeguards.
“We have a responsibility to hold hospital administrators responsible for destroying the financial health of thousands of patients and shifting money from citizens to them,” Folwell said.
The North Carolina Healthcare Association, which represents the state’s hospitals, said in a statement Wednesday that Folwell’s analysis is “politically driven” and “falsely demonizes health systems for asking for and utilizing Provider Relief Funds (PRF) to react to the COVID-19 problem.”
“The study conveniently forgets the realities on the ground of what hospitals were confronting, as with prior politically driven assertions by the Treasurer… “Cherry-picking financial data and then spinning it does not reflect the many immense struggles and challenges confronting the hospital field, including workforce shortage criticism, skyrocketing costs for supplies, equipment, drugs, and labor, and near-historic levels of inflation,” according to the NCHA statement. ‘Charged And Misleading’ Report
The investigation also “attacked” Charlotte-based Atrium Health, according to a statement.
“It’s alarming that health systems like Atrium Health are under assault when we’re still caring for populations recovering from the epidemic,” said Atrium, the city’s biggest hospital system. “The fact is that the $719 million in provider relief payments we have received represents less than half of the $1.55 billion financial damage we have sustained as a consequence of the epidemic.”
Duke Health said that it had “a total community investment of $823 million, including $141 million in financial support to approximately 270,000 patients,” and that COVID relief money had assisted it in keeping its 25,000 employees employed throughout the epidemic.
UNC Health described the report as “charged and misleading,” claiming that it “paints a baseless picture of excess relief funds as ‘profit’ and appears to intentionally obscure the fact that advanced Medicare payments were not gifts—UNC Health has already paid the federal government back almost all of the $305 million it received from advance Medicare payments.”
“Our employees at Novant Health have been relentlessly working on the frontlines of this epidemic for more than two years to ensure everyone, regardless of capacity to pay, is receiving the care and attention they need,” “Novant Health opened testing facilities, immunization clinics, and respiratory evaluation clinics using Provider Relief Funds.” Furthermore, the funding assisted in making up for the loss in care volumes experienced during the epidemic.”
According to a WakeMed spokeswoman, “Since 2020, WakeMed has suffered considerable expenses connected to the pandemic… Operational funds were utilized to pay for higher-cost resources such as personal protective equipment and medical supplies, pharmaceuticals, COVID testing, vaccination infrastructure, and increased labor demands—all of which were required to support patient care, safety, and staff requirements during the pandemic.”
“Despite the fact that COVID-19 had an effect on all aspects of hospital operations and income, WakeMed continues to care for our patients, employees, and community like never before.” “For our fiscal year 2021, WakeMed’s direct community benefit was $237 million,” the representative continued.
HNewsWire-“How does this affect your health and safety as a hospital patient?” The Citizens Journal inquires. Without equivocation, this suggests that your health is gravely endangered. Citizen Journal compares government-directed COVID therapies to a life insurance policy with benefits contingent on your decline, not your recovery.
“For Remdesivir, studies indicate that 71–75 percent of patients have bad effects, and the treatment is often discontinued after five to ten days due to these adverse effects, which include kidney and liver damage, as well as death,” Citizen Journal reports.
“During the 2018 West African Ebola epidemic, Remdesivir studies had to be halted due to a fatality rate over 50%. Nonetheless, Anthony Fauci recommended that hospitals utilize Remdesivir to treat COVID-19 in 2020, despite the fact that Remdesivir’s COVID clinical studies demonstrated identical side effects.
The mortality toll among ventilated patients is startling… [Attorney Thomas] Renz said at a Truth for Health Foundation Press Conference that CMS statistics indicated that 84.9 percent of all patients died after spending more than 96 hours on a ventilator in Texas hospitals.
Then there are fatalities as a result of treatment limits for hospitalized patients. Renz and a team of data analysts believe that over 800,000 fatalities in America’s hospitals have been attributed to measures that limit fluids, nutrition, antibiotics, effective antivirals, anti-inflammatory agents, and therapeutic dosages of anticoagulants.
Since the federal government mandated these ineffective and dangerous COVID-19 treatments and then created financial incentives for hospitals and doctors to use only those ‘approved’ (and paid for) approaches, we are now witnessing the worst example of government-dictated medical care in our history.
Our once-trusted medical community of hospitals and hospital-employed medical professionals have essentially transformed themselves into ‘bounty hunters’ for your life.
Patients must now take unusual precautions to prevent hospitalization for COVID-19. Patients must take proactive actions before to becoming ill in order to use early home-based COVID-19 therapy, which may help save their lives.”
Immediate and Aggressive Treatment of COVID Symptoms
Given the uncertainty surrounding diagnosis, it is prudent to treat any cold or flu-like symptoms as soon as possible. Begin therapy as soon as symptoms appear. Perhaps it’s a common cold or ordinary influenza, or perhaps it’s the much milder Omicron, but since it’s difficult to determine, the best course of action is to treat symptoms as you would with previous kinds of COVID.
Given how infectious Mild Omicron is, the odds are you’re going to acquire it, so get everything you’ll need now to ensure you’re prepared if/when symptoms develop. And bear in mind that this also applies to individuals who have received the vaccine, since you are just as likely — if not more likely — to get ill. Among the early treatment methods that have been shown to be beneficial are the following:
The Forefront Prevention and early at-home treatment regimen developed by the COVID-19 Critical Care Alliance (FLCCC). Additionally, they have an in-hospital strategy and guidelines for long-haul COVID-19 syndrome care. On the FLCCC website, you may discover a list of physicians that can prescribe ivermectin and other required medications.
The protocol AAPS
Tess Laurie’s protocol for the World Council for Health
Doctors on the Front Lines in America
After reviewing these procedures, I’ve compiled the following list of the therapy details that I feel are the simplest and most successful.
Dr. Mercola’s Covid Treatment Protocol
January 19, 2022, The Telegraph (Archived)
National Life Tables 2018-2020, Government of the United Kingdom
MMWR. CDC. 7 January 2022; 71(1): 19-25.
Delta News 10:00 a.m., January 10, 2022
January 10, 2022, Washington Examiner
JAMA 22 April 2020 10.1001/jama.2020.6775 DOI: 10.1001/jama.2020.6775 [Pre-publication]
Comorbidities Table 3, revised October 14, 2020, CDC.gov August 26, 2020
Medscape 6 April 2020
9 April 2020, Daily Mail
April 9, 2020, Business Insider
April 8, 2020, The Associated Press
STAT News, 8:00 a.m., April 8, 2020
JAMA Insights April 24, 2020 DOI: 10.1001/jama.2020.6825 JAMA Insights April 24, 2020 DOI: 10.1001/jama.2020.6825
April 23, 2020 – Newswise
Self-Prone Positioning Guide for Elmhurst Hospital
December 20, 2021, Citizens Journal
November 2, 2021, The Daily Jot
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The post Update: A Bounty on Your Life Has Been Placed by Satan’s Soldiers, Which Indicates Your Health Is in Grave Danger. COVID Therapies Mandated by the Government Are Akin to Having a Reward Put On Your Head, With Payments Based on Your Decline Rather Than Your Recovery appeared first on www.HNewsWire.com.
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