The health care industry is booming despite the pandemic

, Universal Health Services and Community Health Systems all posted profits well above expectations — which surprised Wall Street, considering hospitals halted elective procedures for more than a month.

Baptist Health, a not-for-profit hospital system headquartered in Kentucky, "does not foresee a need for additional forms of liquidity" because it has 241 days of cash on hand, the eight-hospital system told bondholders last week. Northwestern Memorial HealthCare, an academic system based in Chicago, told bondholders that its patients' health insurance hasn't changed much, and most procedures are back to normal volumes.

Those messages differ from industry lobbyists, who have been asking for more federal bailout funds andHealth insurers:

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