Senate Passes COVID-19 Stimulus Deal

///Senate Passes COVID-19 Stimulus Deal

Senate Passes COVID-19 Stimulus Deal

On Wednesday, the Senate passes a stimulus deal that would aid healthcare systems across the United States. The $2 trillion stimulus deal will include $100 billion to compensate for lost revenue and other expenses related to the COVID-19 pandemic.

The stimulus deal is a response to many providers who have reached out for assistance, specifically to support their operations, since many hospitals across the nation have maxed out their capacity and supplies. Many healthcare providers still need medical supplies and protective equipment. Senate Minority Leader Chuck Schumer had advocated for a funding boost for hospitals, stating that “There is much more money for our hospitals, for our nurses and physicians, for our nursing homes, for our community health centers to do the job they need to do.” 

The stimulus deal passed in the Senate 96 to 0 and it is expected for the House to vote on the bill this morning. The bill is heavily supported by the American Hospital Association, with the AHA President and CEO saying that “this bill includes important provisions that will help us respond, including the creation of an emergency fund grant program, additional support for taking care of COVID-19 patients and relief from spending cuts, among other provisions.”

In the bill, hospitals would get an additional 20% add-on payment for COVID-19 inpatient care, furthering bolstering efforts to support healthcare providers. The bill will also postpone the expiration dates for Medicare and Medicaid programs from May 22 to November 30.

Read the original article from Modern Healthcare here.

By | 2020-03-27T10:44:56+00:00 March 27th, 2020|Articles, Government Mandates and Compliance|0 Comments