Billions Went to Hospitals That Didn’t Need It

“When Covid-19 struck, the U.S. government gave hospitals tens of billions of dollars to help them cope with the strains of the pandemic,” the Wall Street Journal reports.

“Many of the hospitals didn’t need it.”

“The aid enriched some well-off systems, while failing to meet the needs of many that were struggling.”

“The mismatch stemmed in part from the way the federal government determined how much a hospital should get. A main factor used to allocate relief was a hospital’s revenue, rather than Covid caseload or financial distress. The idea was that revenue was a good indicator of a hospital’s size.”