Hospitals would receive another $100 billion in federal emergency grants and an additional $150 billion would go to state and local governments under a fast-evolving plan by congressional leaders to supplement the CARES Act even before they tackle the CARES Act 2.
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, signed into law March 28 has quickly proven to have insufficient funding.
“Congress has its priorities right in this case,” Chuck Samuels of Mintz Levin, counsel to the National Association of Health & Educational Facilities Finance Authorities, said in an email Wednesday. “Adding to the cash available to vital public and health entities is job one at this point.”
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, signed into law March 28 has quickly proven to have insufficient funding.
“Congress has its priorities right in this case,” Chuck Samuels of Mintz Levin, counsel to the National Association of Health & Educational Facilities Finance Authorities, said in an email Wednesday. “Adding to the cash available to vital public and health entities is job one at this point.”
Source: The Bond BuyerRead the full story ↗
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