KFF March 31, 2020
The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a vast array of spending provisions, including an additional $100 billion for the Public Health and Social Services Emergency Fund. This new funding is designed to provide an influx of money to hospitals and other health care entities responding to the coronavirus pandemic. This $100 billion averages out to about $108,000 per hospital bed in the United States.
Hospitals across the country clearly need additional resources as they struggle to treat the surge of COVID-19 patients and prepare for a spike in patient load. The $100 billion fund was established to help hospitals ramp up quickly, in response to new demands, giving the Secretary of Health and Human...
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