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HomeThe EconomyBiden & Trump BOTH Diverted Hospital Relief Funds to Big Pharma

Biden & Trump BOTH Diverted Hospital Relief Funds to Big Pharma

The Biden administration quietly took nearly $7 billion from a fund meant to help hospitals and clinics affected by the pandemic and used it to buy Covid-19 vaccines and therapeutics, according to a document obtained by STAT.

The move is similar to the Trump administration’s decision to divert $10 billion from the same fund to Operation Warp Speed, which STAT reported exclusively in March.

By Rachel Cohrs (https://www.statnews.com)

*Link to full article: https://www.statnews.com/2022/01/26/the-biden-administration-used-billions-in-hospital-covid-19-funds-to-pay-drugmakers/

Now, the hospital money, known as the Provider Relief Fund, has run dry, and has no new money left to allocate, according to the agency that administers it. Providers have only been able to submit requests for expenses incurred through March 2021 — before both the Delta and Omicron surges battered the health care system.

With the new $7 billion shift, which has not been previously reported, the diversion to drugmakers totals nearly $17 billion, or roughly 10% of the overall money Congress allotted for the fund for hospitals and physician practices. Congress set aside that money to help health care providers pay for pandemic-related expenses including staffing, personal protective equipment, care for uninsured patients, and vaccine distribution.

The new details about the Biden administration’s spending decision come as hospitals across the country are struggling with a crushing surge of Covid-19 hospitalizations and deaths due to the Omicron variant. And their representatives in Washington are furious.

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