HHS Rolls Out Initial $30 Billion for Hospitals From CARES Act (1)

The federal government will deliver $30 billion to hospitals Friday in the first round of what will ultimately be $100 billion in hand outs to help hospitals defray costs associated with Covid-19 and treating uninsured patients.

The funding comes from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law last month. The distribution of the $30 billion will go to Medicare hospitals and be delivered electronically based on account information the government and its partners have on file. The Department of Health and Human Services is pairing with UnitedHealth Group to distribute the money. Health ...