Rural Hospitals Teeter On Financial Cliff As COVID-19 Medicare Loans Come Due

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Federal loans were meant to help hospitals survive the COVID-19 pandemic. But now they're coming due for repayment — at a time when many of the nation's rural hospitals are still desperate for help.

More than 65% of the nation's small, rural hospitals — many of which were operating at a deficit before the pandemic — jumped at the Medicare loans when the pandemic hit, former vice president of government affairs for the National Rural Health Association."The pandemic has simply gone on longer than anyone anticipated back in March," says Joanna Hiatt Kim, vice president of payment policy and analysis for the American Hospital Association.

Meanwhile, hospital administrators like Peter Wright are holding their breath, waiting to see if, in order to settle the debt, Medicare will stop making payments to hospitals, even as the facilities continue to grapple with the coronavirus in their communities. "We have no idea what we're going to do if we have to pay it back as quickly as they say," Wright says.

"Through March and April and most of May, I was in a complete spiral," Currans says, and by the end of April her hospital was losing millions of dollars. To cope with the pandemic, she furloughed staff and turned one wing of the hospital into a"cough clinic" to be used exclusively by patients whose symptoms suggested they might be infected with the coronavirus.

 

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Horrible!

So reopen the economy.

Covid is the biggest sham of our lifetime.

Rural healthcare has been going downhill for a longtime now. We used to blame it on RomneyCare back in the day.

Just take a chopper to the next one

Poor little don boy is worried about his little gay life so he wants to do away with the electoral College, when he knows those are important to small-town America

And most of those are in red states with 'medical' deserts. Elections have consequences. Enjoy your freedom to choose healthcare.

The rural people are Trump supporters. There is no COVID-19 pandemic so what's the problem?

The rural people tell me daily there's no covid so they should be ok

senatemajldr GOP AND 200,000 DEAD. ALL YOU CARE ABOUT, IS STACKING THE SCOTUS. DISGUSTING FILTHY CRIMINALS.

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