Mainecat Posted May 25, 2020 Share Posted May 25, 2020 Wealthiest Hospitals Got Billions in Bailout for Struggling Health Providers Source: NYT Twenty large chains received more than $5 billion in federal grants even while sitting on more than $100 billion in cash. A multibillion-dollar institution in the Seattle area invests in hedge funds, runs a pair of venture capital funds and works with elite private equity firms like the Carlyle Group. But it is not just another deep-pocketed investor hunting for high returns. It is the Providence Health System, one of the country’s largest and richest hospital chains. It is sitting on nearly $12 billion in cash, which it invests, Wall Street-style, in a good year generating more than $1 billion in profits. And this spring, Providence received at least $509 million in government funds, one of many wealthy beneficiaries of a federal program that is supposed to prevent health care providers from capsizing during the coronavirus pandemic. With states restricting hospitals from performing elective surgery and other nonessential services, their revenue has shriveled. The Department of Health and Human Services has disbursed $72 billion in grants since April to hospitals and other health care providers through the bailout program, which was part of the CARES Act economic stimulus package. The department plans to eventually distribute more than $100 billion more. Read more: https://www.nytimes.com/2020/05/25/business/coronavirus-hospitals-bailout.html Quote Link to comment Share on other sites More sharing options...
Woodtick Posted May 25, 2020 Share Posted May 25, 2020 What about the dem governors raking in the Cash. https://neiuindependent.org/16852/news/pritzker-family-owns-stake-in-company-providing-covid-19-tests/ Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted May 25, 2020 Platinum Contributing Member Share Posted May 25, 2020 The profiteering has nothing to do with political party...don't fall for it.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 25, 2020 Platinum Contributing Member Share Posted May 25, 2020 25 minutes ago, Jimmy Snacks said: The profiteering has nothing to do with political party...don't fall for it.... Of course it dosnt . Every scumbag had their hand out. Should have been done with less then 1/2 what was spent and given to the right people. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 25, 2020 Share Posted May 25, 2020 20 minutes ago, steve from amherst said: Of course it dosnt . Every scumbag had their hand out. Should have been done with less then 1/2 what was spent and given to the right people. no it should have never happed . none of it . we have a unemployment system in place for when you get layed off. if you are 1099 then you already know you need your own nest egg or be willing to push through. this whole thing was a scam from the word go and continues to be Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted May 25, 2020 Platinum Contributing Member Share Posted May 25, 2020 Billionaires make more billions and some complain about the working class guy getting unemployment....WTF. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 25, 2020 Share Posted May 25, 2020 24 minutes ago, Jimmy Snacks said: Billionaires make more billions and some complain about the working class guy getting unemployment....WTF. no NONE of it should have happened. but let the fear run through you it make this sort of shit a lot more EZ to swallow Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 25, 2020 Platinum Contributing Member Share Posted May 25, 2020 1 hour ago, Ez ryder said: no it should have never happed . none of it . we have a unemployment system in place for when you get layed off. if you are 1099 then you already know you need your own nest egg or be willing to push through. this whole thing was a scam from the word go and continues to be Unemployment is paid by the state and funded thru employers. ( in some states employees pay a very small amount ) THis was federal. I don't need my rates going up . But it should have been just unemployment ( financed thru the feds) and low or no interest loans to business's Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 25, 2020 Share Posted May 25, 2020 38 minutes ago, steve from amherst said: Unemployment is paid by the state and funded thru employers. ( in some states employees pay a very small amount ) THis was federal. I don't need my rates going up . But it should have been just unemployment ( financed thru the feds) and low or no interest loans to business's no the feds did not need to be involved at all . at min the feds could have mandated that UI could not count workers collecting on biz owners points . but even that is overreach . all just bullshit we have mandatory unemployment insurance program you have to be in if you have workers . if you are 1099 then you need a nest egg . end of story . but the biggest scam part is states picking winners and losers bunch of bullshit . I wish they all would get covid and die a slow painful death Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 25, 2020 Author Share Posted May 25, 2020 The biggest scam is corporate money in Congress and elections. Voters don't matter to politicians anymore. FUCK TRUMP AND EVERYONE Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted May 25, 2020 Share Posted May 25, 2020 8 minutes ago, Mainecat said: The biggest scam is corporate money in Congress and elections. Voters don't matter to politicians anymore. FUCK TRUMP AND EVERYONE More hypocrisy from the taxdodger. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted May 25, 2020 Share Posted May 25, 2020 3 hours ago, Jimmy Snacks said: Billionaires make more billions and some complain about the working class guy getting unemployment....WTF. ,Rich people and businesses pay taxes and 47% parasites like you whine about p OtherS not paying their fair share. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 25, 2020 Share Posted May 25, 2020 43 minutes ago, Mainecat said: The biggest scam is corporate money in Congress and elections. Voters don't matter to politicians anymore. FUCK TRUMP AND EVERYONE but union money is ok right? Quote Link to comment Share on other sites More sharing options...
Guest Posted May 25, 2020 Share Posted May 25, 2020 4 hours ago, Ez ryder said: no it should have never happed . none of it . we have a unemployment system in place for when you get layed off. if you are 1099 then you already know you need your own nest egg or be willing to push through. this whole thing was a scam from the word go and continues to be Remember who ranted like a madman against it, when it first came out??? Quote Link to comment Share on other sites More sharing options...
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