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Mayo Clinic has received $220 million in CARES Act funding as of May 15. Photo: Cliff Hawkins/Getty Images

More than $8 billion in federal bailout funds have been disclosed by hospitals and health systems as of June 3, according to an Axios review of financial documents.

Why it matters: Hospitals do not have to repay these taxpayer funds, which are supposed to offset the lost revenue and higher costs associated with handling the coronavirus outbreak. HHS has released two datasets on the bailout money — one on the general allocation and another on the money that went to coronavirus hotspots — but the general allocation one is incomplete.

The big picture: Hospitals and other health care providers can receive coronavirus funds through two primary sources:

Where it stands: Axios has found 66 hospital organizations — ranging from small community hospitals to large, multistate systems — that have disclosed bailout funding and Medicare loans through municipal bondholder documents or public filings, and compiled them into a database.

  • Some of the largest bailout payments disclosed so far have gone to HCA Healthcare ($900 million), Trinity Health ($600 million) NewYork-Presbyterian ($567 million) and Providence ($509 million).
  • $50 billion of the first $100 billion in bailout funds is "allocated proportional to providers' share of 2018 net patient revenue," according to HHS, and therefore favors systems that are bigger and/or charge higher prices.
  • Medicare has sent $100 billion as loans as of April 24, $26 billion of which has been disclosed to these 66 hospital systems. The federal government has paused that program for now, and hospitals want those loans converted into grants that don't have to be paid back.

Go deeper: The hospital bailout funding database

Updated June 3. This story will be updated as more financial disclosures are filed.

Go deeper

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."

CDC official: Pandemic "explosion" of antibiotic resistance not seen

Illustration: Sarah Grillo/Axios

Despite concerns over antimicrobial resistance flourishing during the pandemic as doctors use all their tools to help patients fight COVID-19, early indications are that their efforts may not be causing a large increase, a CDC official tells Axios.

Why it matters: AMR is a growing problem, as the misuse or overuse of antibiotics creates resistant pathogens that cause more than 2.8 million infections and 35,000 deaths annually in the U.S.

Sep 10, 2020 - Health

Young adults aren't all safe from the virus

Illustration: Annelise Capossela/Axios

Young adults, especially those with pre-existing conditions, can still have very serious cases of the coronavirus, a new study published yesterday in JAMA Internal Medicine confirms.

Why it matters: As thousands of college students around the country catch the virus, some of them are bound to require hospitalization and, tragically, perhaps even die in the coming weeks.