Tag Archives: billion

Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday

Senate Majority Leader Mitch McConnell (R-KY) walks to his office on Capitol Hill in Washington, September 10, 2020. Joshua Roberts | Reuters The Senate will vote on a $ 500 billion coronavirus stimulus bill on Wednesday, Senate Majority Leader Mitch McConnell said Saturday, as a larger bipartisan deal remains elusive despite continued talks between top… Read More »

HHS to distribute $1.4 billion to freestanding children’s hospitals

Close to 80 children’s hospitals will receive $ 1.4 billion in targeted aid from the Provider Relief Fund, the Department of Health and Human Services announced today. Eligible hospitals will receive 2.5% of their net revenue from patient care starting next week. The money will go to certain free-standing children’s hospitals that are not affiliated… Read More »

U.S. Hospitals Will Lose $323 Billion in 2020 – Before Accounting for Growing COVID Cases

U.S. health systems are projected to lose $ 323 billion in 2020 due to declining inpatient and outpatient volumes caused by the COVID-19 pandemic’s impact on the “normal” hospital business. Hospitals racked up over $ 200 bn in losses between March and June 2020. according to the American Hospital Association’s report, Hospitals and Health Systems… Read More »

Supreme Court hears case over $12 billion insurers say they are owed in risk corridors payments

The Supreme Court today is scheduled to hear oral arguments over risk corridor payments insurers say they are owed by the federal government. Insurers argue the government owes them $ 12 billion in back payments for losses from participating in Affordable Care Act plans. The ACA promised the funds for three years, from 2014 to… Read More »