Aug 6, 2020 - Health
The health care sector imploded in Q2
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.