COVID-19 funding to healthcare providers by the numbers

To compensate for financial losses caused by the COVID-19 pandemic, the government provided several funds and policies to ease the burden on healthcare providers.

Here is a breakdown of the main sources of funding by the numbers, according to a Jan. 27 report by the Kaiser Family Foundation:

1. Congress created the Provider Relief Fund to offset financial losses during the pandemic, of which it has distributed $143 billion of the total $178 billion authorized by Congress. HHS plans to allocate another $6 billion in early 2022.

2. For providers in rural areas, the American Rescue Plan has provided $7.5 billion of the total $8.5 billion in the fund. The remaining $1 billion is anticipated to be distributed in early 2022.

3. Between May 1, 2020, and March 31, 2022, Congress waived the automatic 2 percent reduction in Medicare payments.

4. Congress also delayed a 4 percent reduction in Medicare payments until 2023.

5. Physician payments increased by 3 percent in 2022 through the Medicare Physician Fee Schedule payments.

6. Congress created the Paycheck Protection Program, which gave healthcare about $100 billion in Paycheck Protection Program loans.

7. Inpatient COVID-19 admissions received a 20 percent increase in Medicare payments during the public health emergency. 

 

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