Falling off the ‘COVID Cliff’: Big Pharma’s Collapse Has Begun as 30% of America’s Rural Hospitals Face Closure

Comments by Brian Shilhavy
Editor, Health Impact News

The Big Pharma financial bubble that was created in 2020 during the Trump administration, which pumped trillions of dollars into Big Pharma for COVID, has burst.

In the corporate media, this is referred to as falling off the “COVID Cliff”.

Those who fall the deepest are those who benefited greatly from the COVID scam, as reflected in the first quarter 2023 financial reports of drug makers.

At the forefront of the collapse are the makers of COVID mRNA “vaccines,” as BioNTech’s sales fell 80%, Moderna’s fell 69%, and Pfizer’s sales fell 29% during the first 3 months of 2023.

Pfizer, Moderna, among many biopharma giants, reported a drop in first-quarter sales

Biopharmaceutical companies know well the pain of a patent cliff. But what about a COVID cliff?

With demand for vaccines and other COVID-19 products falling, drugmakers that thrived during the pandemic have seen their sales decline significantly of late.

The effects of the COVID cliff became evident in recent weeks as companies reported their first quarter results. Of the top 20 biopharmaceutical companies, only six saw their revenue increase in the first quarter of 2023 compared to the same period last year.

The biggest hits of the quarter were the three companies that emerged with the most successful COVID vaccines. BioNTech and Moderna reported an 80% and 69% drop in revenue, respectively, while Pfizer reported a 29% decline in sales. (Full article.)

In addition to the pharmaceutical drug cartel, 646 rural hospitals are at risk of closing due to financial problems, representing about 30 percent of all rural hospitals in the US, according to the Center for Healthcare Quality and Payment Reform.

There are 646 rural hospitals at risk of closing due to financial problems, representing about 30 percent of all rural hospitals in the US, according to the Center for Healthcare Quality and Payment Reform.

Hospitals face loss of patient services as health plans do not pay enough to cover the cost of providing care. The losses are likely to increase as inflation and labor shortages persist, according to the report, which was released in April. Although rural hospitals receive some support through grants, local tax revenue or other benefits, they still have low financial reserves and remain at risk.

More than half of US states report that 25% or more of their rural hospitals are at risk of closing, and more than 200 hospitals nationwide are at immediate risk of closing. (Source.)

Normally, all these financial losses from the American medical system would have crashed the economy by now, but of course the US Stock Exchange casino ponzi is pumping money into the current financial bubble: Big Tech. I will see:

Expectations of an imminent major technological crash that will destroy the US economy are expanding

The collapse of the US economy and the next “Great Reset” are almost certain now, with the only question remaining: when?

It could come soon if the US doesn’t remove the current debt ceiling and start defaulting on its financial obligations.

But even if a last-minute deal is reached to avert a default on US sovereign debt, it will not stop a major collapse of many US banks as the liquidity crunch deepens.

See (both probably behind paywalls):

Why the end of the debt ceiling crisis triggers the next $1.2 trillion banking crisis

A deal on the debt ceiling will raise a new concern: Who will buy the deluge of Treasury bills?

No more “kicking the can down the road”. We just fell off the COVID cliff, and the rest of the economy will follow.

See also:

Understand the times we are currently living in

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The Brain Myth: Your intellect and thoughts originate in your heart, not your brain

God will not be fooled: a person reaps what he sows

An invitation to technologists to join the winning side

The God of All Comfort

Fact Check: “Christianity” and the Christian religion are NOT found in the Bible – the person Jesus Christ is

How to determine if you are a disciple of Jesus Christ or not

Synagogue of Satan: Why It’s Time to Leave the Corporate Christian Church

What happens when a holy and just God gets angry? Lessons from history and the prophet Jeremiah

Insider exposes Freemasonry as the world’s oldest secret religion and Luciferian plans for the new world order

Posted on May 23, 2023

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