Young announces $668 million for Indiana hospitals and health care providers
U.S. Sen. Todd Young has announced that the U.S. Department of Health and Human Services (HHS) will begin the distribution of relief funds for Indiana hospitals and medical providers from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was recently passed by Congress and signed by President Trump. Indiana will receive $668.6 million in payments to 4,495 medical providers and health systems that are enrolled in Medicare.
“Our health care systems and medical professionals are on the front lines of the coronavirus pandemic. The funding being distributed today will help provide them with critical relief to treat Hoosier patients now and in the future. That’s why I fought for the passage of the CARES Act and will continue working to ensure Indiana receives the resources needed to help save lives,” Young said in a statement.
According to HHS, facilities and providers are allotted funding based on their share of 2019 Medicare fee-for-service (FFS) reimbursements. These are payments, not loans, to healthcare providers, and will not need to be repaid.
“Sen. Young has been consistently engaged with our member hospitals since the beginning of this public health emergency and we deeply appreciate his support for the CARES Act and the vital support it will provide to hospitals as they care for Hoosiers,” stated Brian Tabor, Indiana Hospital Association President.