The New Threat to Mexico's Failing Hospitals
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 11 June 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
The coronavirus is hitting Latin America in ways unseen in the developed world. In Mexico, Covid-19 is savaging a health care system that was already inadequate. Doctors and nurses in Mexico say they lack masks and gloves. Hospitals are at 80% capacity in Mexico City. More than 20,000 health care workers have caught the virus. Nacha Cattan reports on what happens when a crisis hits a system that was unprepared, and underfunded, in the best of times.
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| 0:00.0 | The forces shaping markets and the economy are often hiding behind a blur of numbers. |
| 0:04.8 | So that's why we created The Big Take from Bloomberg Podcasts, to give you the context you need to make sense of it all. |
| 0:11.5 | Every day in just 15 minutes, we dive into one global business story that matters. |
| 0:16.1 | You'll hear from Bloomberg journalists like Matt Levine. |
| 0:19.1 | A lot of this meme stock stuff is, I think, embarrassing to the SEC. |
| 0:23.3 | Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen. |
| 0:32.7 | Welcome to Prognosis. I'm Laura Carlson. |
| 0:37.0 | It's day 92 since coronavirus was declared a global |
| 0:41.0 | pandemic. Our main story? In Mexico, COVID-19 is raging out of control. But the country's |
| 0:49.8 | health system has been failing its citizens for decades. Today, a dispatch from the country's capital |
| 0:57.0 | where patients fear the hospital almost as much as the disease. But first, here's what happened today. |
| 1:09.0 | Treasury Secretary Stephen Mnuchin rejected the idea of rolling back the reopening of the economy, |
| 1:18.9 | even if there is another surge in coronavirus cases. |
| 1:22.7 | His remarks came in an interview today with CNBC. |
| 1:27.2 | We can't shut down the economy again. |
| 1:29.6 | I think we've learned that if you shut down the economy, you're going to create more damage |
| 1:35.4 | and not just economic damage, but there are other areas. |
| 1:40.1 | And we've talked about this of medical problems and everything else that get put on hold. |
| 1:45.9 | Mnuchin said we could avoid another shutdown because COVID-19 testing and contact tracing are improving. |
| 1:53.3 | He also said officials understand more about how to contain outbreaks. |
| 1:59.4 | But contact tracing efforts aren't turning out to be a perfect solution, |
| 2:04.0 | even in countries that are investing in them. In the first week of contact tracing in England, |
... |
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