The nation’s two largest for-profit hospital chains — HCA and Tenet — increased their EBITDA as salary and benefit obligations became less burdensome in Q1. Unsurprisingly, the story for nonprofit hospitals is a bit different. For this class of health systems, the stress associated with labor costs is subsiding, but operating margins are having a difficult time bouncing back, according to a new Moody’s report.

These issues will likely be modest, Moody’s said in its August report. Unlike hospitals, insurers will be less exposed to supply chain issues, higher interest rates and labor shortages.

Though volumes are still down, patients are beginning to return to health systems after a Covid-19 related slump, according to a report from Moody’s Investors Service.

As insurers set premium rates for next year, many are working through the complicated math of how much Covid-19 will actually cost. It’s too early to say at this point, but these companies face another concern: how many Americans will lose their insurance if unemployment rates continue to rise? 

A report released Tuesday by Moody’s Investors Service predicted that most insurers will remain profitable after the Covid-19 pandemic.