Biden administration releases billions in Covid-19 relief for hospitals and health groups

Biden administration frees more than $ 25 billion in relief funds for health organizations with money given by Congress last year to cover financial losses from the Covid-19 pandemic – after pressure from lawmakers from Congress and medical groups who say hospitals are financially bludgeoned by the wave in Covid-19 cases.

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