We got ahold of a document from Senate Democrats that provides clues to how the federal government will allocate $100 billion from the coronavirus stimulus to hospitals
The money is intended to help hospitals pay for the cost of treating COVID-19, the illness caused by the coronavirus, and to help them recoup losses they incurred by putting off other medical procedures.
"As such, HHS is given significant flexibility in determining how the funds are allocated, as opposed to operating under a mandated formula or process for awarding the funds," the document says. "This is to ensure that the funding is nimble enough to meet all needs and that the fund disperses money fast enough to help struggling entities."
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