Historic financial decline hits doctors, dentists and hospitals — despite covid-19 — threatening overall economy

Even as the coronavirus pandemic draws attention and resources to the nation’s doctors and hospitals, the health-care industry is suffering a historic collapse in business that is emerging as one of the most powerful forces hurting the U.S. economy and a threat to a potential recovery.

The widespread economic shutdown deployed to reduce transmission of the novel coronavirus hit hospitals and health-care providers with particular force as they prepared to face the pandemic.