Coronavirus Bailout

The largest bailout in history, the the Coronavirus Aid, Relief, and Economic Security Act, was approved by the Senate on March 25, 2020, and then by a mere voice vote in the House the following day, and signed into law by President Trump the same afternoon. It spends $2.2 trillion in bailouts related to COVID-19.

It gives handouts to hospitals and many favorites of liberals, such as the Kennedy Center in Washington, D.C. It also redistributes wealth by sending checks directly to some Americans.

Bailout for hospitals[edit]

Even though many hospitals furloughed workers without pay and exploit volunteer physicians and nurses, the bailout allocates $100 billion to hospitals.^[1] It includes a 20 percent Medicare add-on payment with respect to patients who have COVID-19, which gives hospitals an incentive not to medicate them early and discharge them appropriately. The bailout also wipes away $8 billion in Medicaid Disproportionate Share Hospital payment cuts, and suspends the Medicare sequester.

References[edit]

1. ↑ https://www.beckershospitalreview.com/finance/unitedhealth-will-help-hhs-distribute-30b-in-hospital-aid.html