Interim coronavirus stimulus gives more funds to healthcare industry - Business Insider

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Here's what the $484 billion coronavirus stimulus bill means for hospitals, doctors, and researchers

The program, known as the Paycheck Protection Program, provides forgivable loans to small businesses that keep their employees on their payrolls. The loans are allowed to go to medical practices and to community pharmacies.

As with the CARES Act, decisions about how to allocate the bill's funding are left to the Department of Health and Human Services, or HHS. That means providers across healthcare will be lobbying the agency for money.

Source: News Formal (newsformal.com)

 

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Why is there a picture of health professionals shown under this headline? 100 billion is for healthcare and 322 billion is for the Paycheck Protection Program. How much of that will go to employees? People have been getting laid off en masse.

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