Apr 9, 2020 - Health

Medicare's coronavirus loans hit $51 billion

A hospital sign with the Henry Ford Hospital name on it and the hospital building in the background.
Henry Ford Hospital in Detroit, a coronavirus hotspot. Photo: Elaine Cromie/Getty Images

Hospitals, doctors' offices, suppliers and other health care facilities have now received $51 billion in "advance payments" from Medicare, the Centers for Medicare & Medicaid Services said Thursday.

The bottom line: Those funds, which act as a loan and have to be repaid, are up from $34 billion earlier this week. CMS has processed 21,000 of the 32,000 requests.

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