Senate Democrats block action on $2 trillion coronavirus spending plan

Senate Republicans’ COVID-19 stimulus plan hit a speed bump March 22 when Senate Democrats blocked action on the proposal, according to The New York Times.

Advertisement

Democrats blocked the first attempt to advance the spending plan, which is now expected to cost nearly $2 trillion, arguing it doesn’t provide enough support for workers or state and local governments and gives too much discretion to the Treasury Department, according to Bloomberg. 

Senate Majority Leader Mitch McConnell will continue to work with Democratic leaders and the White House to negotiate a deal that will receive enough Democratic votes to pass, according to the report.

Read more about the stimulus plan and how it would affect hospitals and other healthcare providers here.

More articles on healthcare finance:
$1 trillion stimulus plan boosts pay to hospitals, freezes cuts: 4 notes for hospital execs
18 healthcare groups urge Congress to act immediately on 3 mission-critical requests
Hospitals ask for $100B in emergency coronavirus funding

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.