Aug 6, 2020 - Health

The health care sector imploded in Q2

Data: U.S. Bureau of Economic Analysis via FRED; Chart: Andrew Witherspoon/Axios

The pandemic has been very good for health insurers — largely because they don't need to pay for procedures that haven't been happening.

By the numbers: The value of health care services performed in America in the second quarter plunged to $1.69 trillion, from $2.26 trillion in the fourth quarter of 2019. The unprecedented drop was enough on its own to account for 9.5 points of the 32.9% annualized fall in second-quarter GDP.

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