Mar 19, 2020 - Health

Hospitals ask for $100 billion coronavirus bailout

A white pop-up tent in front of an AdventHealth hospital emergency department sign.
A coronavirus surge tent outside an AdventHealth hospital in Florida. Photo: Paul Hennessy/NurPhoto via Getty Images

The health care industry, led by the American Hospital Association, asked Congress on Thursday for $100 billion to offset the expenses related to coronavirus testing and treatment.

The big picture: Other industries like airlines and hotels are asking for taxpayer bailouts as their operations grind to a halt. Hospitals and medical groups are asking for money as their operations prepare for a capacity overload.

What they're saying: "It is clear that the expenses associated with responding to COVID-19 will be extraordinary," the heads of the AHA, American Medical Association and American Nurses Association wrote to Congress, which is considering several stimulus packages.

  • The groups argue they need $100 billion to cover the lost revenue coming from delayed elective procedures, higher staffing and training costs, rising supply costs, child care needs for front-line health care workers, and creating extra capacity in other facilities.

Yes, but: Medicare, Medicaid and commercial insurers will still pay hospitals and doctors for all coronavirus care they provide. New billing codes also have been created.

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