Trump administration pays out $26 billion in relief funds to hospitals Friday
Medics and hospital workers tend to a COVID-19 patient outside the Montefiore Medical Center Moses Campus on April 07, 2020 in the Bronx borough of New York City.
John Moore | Getty Images
The Trump administration started sending out initial payments to hospitals and physicians Friday, marking the first tranche of $100 billion in relief funding for health systems and providers passed by Congress as part of the Coronavirus Aid, Relief and Economic Security act.
The money will help make up for lost revenue and increased costs health systems are facing due to the coronavirus response.
“Payments being delivered this morning account for $26 billion of the initial $30 billion, delivering funds to hospitals and providers just two weeks after the President signed the CARES Act,” said Health and Human Service Secretary Alex Azar in a tweet.
The government has contracted …continued .
[Source: CNBC News]