Lexology April 1, 2020
On Friday, the President signed the $2 trillion emergency aid bill passed by Senate earlier last week in response to the economic blow of the coronavirus outbreak. The legislation, called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is the largest emergency aid package in U.S. history. In provisions specific to healthcare, the bill will provide approximately $150 billion to support healthcare providers and researchers in the fight against the COVID-19 outbreak.
Public Health and Social Services Emergency Fund
The Act allocates $100 billion to a new program, called the “Public Health and Social Services Emergency Fund,” to provide grants to eligible health providers to cover unreimbursed health care related expenses or lost revenues attributable to the coronavirus...
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