Medical Economics May 16, 2022
Relief money totaled $175 billion, “an important lifeline” when patient visits dropped.
Government subsidies worth $175 billion helped American hospitals’ finances when COVID-19 victims did not have insurance or patients canceled visits and procedures in 2020, the first year of the COVID-19 pandemic.
The study, “COVID-19 and Hospital Financial Viability in the U.S.,” was one of the first investigations into how the government money affected financial viability of hospitals during the pandemic. The knowledge could help policymakers decide whether and how to issue future subsidies during this pandemic or others, the authors said in a press release.
“Hospital operations were really hit hard during the pandemic. Our study shows that the relief funds provided an important lifeline to keep financially...
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