I keep saying this seem to be spiraling out of control so quickly....but it seems to have picked up even more speed.
I feel f&^%$d and afraid. I work for a small business, 12 of us. We're already struggling. We each took a 1-2 hour cut in hours so that no one had to be laid off.
That was adjustable. I noticed our credit card payments have been exceeding our cash deposits. With this down grade, aren't interest rates going to sky rocket?
If so, patients will opt for a less costly extraction, rather than a root canal and crown.
We've also recently noticed insurance companies, in which we participate with, are sending letters (within the 30 day requirement) stating “it's under review”. They are holding onto their money for as long as possible.
One thing is for sure. This has not been a good week for America.