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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.

Go deeper

Nov 13, 2020 - Health

New York's daily COVID-19 case count tops 5,000 for first time since April

People wait in line for COVID-19 testing in Brooklyn. Photo: Xinhua/Michael Nagle via Getty Images

New York state’s daily coronavirus case count has surpassed 5,000 for the first time since April.

By the numbers: Gov. Andrew Cuomo tweeted on Friday that of the roughly 203,000 COVID-19 tests taken, 5,401 produced positive results. "Total hospitalizations are at 1,737," and the state saw 24 coronavirus-related deaths, per Cuomo.

Nov 14, 2020 - Health

COVID hits first cruise ship to return to Caribbean since pandemic stalled industry

The Seadream 1 ship docks in Bodo in Norway in August 2020. Photo: Sondre Skjelvik/NTB Scanpix/AFP via Getty Images

The first cruiseliner to return to the Caribbean since the coronavirus pandemic shut the industry down was forced to return to its home port of Barbados after passengers tested positive for COVID-19, the ship's owner, SeaDream Yacht Club, said Thursday.

Why it matters: Cruise ships were the sites of some of the most severe coronavirus outbreaks early in the pandemic, before the industry suspended operations in March.