Biden Administration Releasing Billions in Covid-19 Relief for Hospitals, Health Groups – The Wall Street Journal

The Biden administration is releasing more than $25 billion in relief funds to health organizations from money Congress granted last year to cover financial losses from the Covid-19 pandemic—after pressure from congressional lawmakers and medical groups who say hospitals are being financially pummeled by the surge in Covid-19 cases.

This funding includes $8.5 billion from the American Rescue Plan for providers who serve patients in rural areas and are covered by federal programs such as Medicaid and Medicare, according to federal officials. An additional $17 billion is for a broad range of providers who can document revenue loss and expenses associated with the pandemic. About $7 billion remains in the fund to cover claims for the uninsured patients with Covid-19.