HCA Healthcare, one of the world’s wealthiest hospital chains, earning more than $7 billion in the past two years and worth $36 billion, paid its chief executive $26 million in 2019.
However, as the pandemic spread across America, HCA did not provide adequate protective gear to medical staff, froze wages for nurses, and has laid off or cut pay for tens of thousands of doctors, nurses and lower-paid workers. All this has happened as HCA received about $1 billion in bailout funds from the federal government to stabilize hospitals during COVID-19. Still, HCA continued to pay top executives to with only modest pay cuts.
Has this been a norm for most hospitals? Discuss.
How are furloughs and layoffs defended by the industry?
What were the formulas to determine how much money hospitals received based on? What would have made more sense and why?
Discuss an item in the article that troubled you the most. Did it trouble you based on ethics or on accounting efficacy?
According to the Guardian, News Corp Australia has confirmed that more than 100 local and regional
newspapers will become digital only or disappear entirely, and there will be a
significant number of job losses.
What does News Corp say has accelerated this move?
Why is News Corp keeping the three Sydney newspapers in print form?
If you were preparing a listing of costs of the massive discontinuation of print newspapers by News Corp to affected communities in regional and suburban Australia, what would you include?
If you were preparing a listing of benefits and costs for News Corp regarding the massive discontinuations of print newspapers, what would you include?
According to the Washington Post, investigations show that Life Care Centers of America, one of the largest chains in the industry, violated federal standards meant to stop the spread of infections and communicable diseases even after outbreaks and deaths from COVID-19 began to sweep its facilities from the Pacific Northwest to New England.
What is CMS, in the context of this article?
How many nursing homes in the country have had COVID-19 cases?
During the past three years, how has CMS rated Life Care Centers of America?
What has been the Justice Department involvement with Life Care Centers of America in recent years?
According to the Washington Post, the Coronavirus Aid, Relief, and Economic Security (Cares) Act indicates that mortgagees have the right to ask for an initial forbearance of up to 180 days with interest accruing, but with fees and penalties are waived.
What was actually happening when mortgagees contacted their mortgage companies for coronavirus relief?
Based on this article, how many homeowners are in forbearance plans?
Which groups are helping with accurate communications to homeowners in forbearance?
This week, J.C. Penney filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry.
How many employees does this affect?
When and where did the company start?
How many stores does the company have and what are the plans for these stores?
What was the name of the original store in Wyoming before it was renamed?
What is going on with the stock price of the company?
According to Bloomberg, China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers.
What did the executives do?
What did the firm admit to that allowed the fraud to occur?
What was the problem with the fine ordered for the executives?
How much does the fine amount to in U.S. dollars?
What has happened to Kangmei Pharmaceutical Company’s stock since the announcement of the financial fraud investigation?