Lyle Muller for IowaWatch.org
Lyle Muller for IowaWatch.org
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More Than $500M in Federal Aid Heading To Iowa Hospitals Would Cover Only Half Their COVID-19 Losses

More Than $500M in Federal Aid Heading To Iowa Hospitals Would Cover Only Half Their COVID-19 Losses

© 2022 Iowa Public RadioPlay Live Radio0:000:00Available On Air StationsLyle Muller for IowaWatch.orgIowa hospitals received $190.3 million in CARES Act relief fund payments in April and were expecting as much as $360 million more in a second round of federal relief aid underway now, interviews and documents shared with IowaWatch show.Some of the state’s 118 hospitals also received in April advance Medicare payments worth $900 million in an accelerated payment program that requires the hospitals to pay back those funds with future Medicare billings. But the hospitals will have to repay the...

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