Medicare's coronavirus loans hit $51 billion
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.