Mar 29, 2017

Hospital company spinoff posts big losses

Richard Drew / AP

Shares of Quorum Health plummeted 14% Wednesday after the owner of 36 mostly rural hospitals reported fourth-quarter and full-year 2016 losses that were bigger than what Wall Street had expected. Quorum lost $348 million in 2016 and had to write off millions of dollars in patient bills that couldn't be collected.

Quorum's struggles may not be surprising: Community Health Systems spun out Quorum last year as a way to get rid of some rural and mid-size hospitals that were dragging the company down. Community Health Systems isn't faring a lot better.

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Navy removes captain of aircraft carrier who sounded alarm about coronavirus

Photo: Photo: Mai/Mai/The LIFE Images Collection via Getty Images/Getty Images

Acting Secretary of the Navy Thomas Modly relieved the captain of nuclear aircraft carrier the U.S.S. Theodore Roosevelt after he sent a letter to officials pleading for help when members of his crew contracted the coronavirus.

The big picture: Capt. Brett Crozier's four-page letter was leaked to the San Francisco Chronicle earlier this week, quickly garnering national attention after Crozier pleaded for more resources and more space to quarantine crew members offshore. Modly said at a press conference that Crozier went outside the chain of command and "at no time relayed" the levels of alarm that he wrote in his letter.

The coronavirus unemployment numbers in perspective

Data: U.S. Department of Labor; Chart: Danielle Alberti/Axios

Over the past two weeks, 10 million Americans have filed for unemployment, with millions more to come.

Why it matters: The jobless hits right now are like a natural disaster hitting every state at the same time.

Wisconsin primary to continue as scheduled, as other states delay due to coronavirus

Photo: Barbara Davidson/Getty Images

Wisconsin's April 7 presidential primary will not be postponed, a federal judge ruled on Thursday, as 13 other states have delayed voting or made changes to promote social distancing to combat the spread of the novel coronavirus, the Washington Post reports.

Why it matters: 23 other states and the District of Columbia haven't held primaries yet. The White House is recommending, for now, that Americans practice social distancing and gather in groups of no more than 10 people — while nearly 40 states have issued stay-at-home orders.

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