Hospitals Got Bailouts and Furloughed Thousands While Paying CEOs Millions
June 8th, 2020Via: DNYUZ:
HCA is among a long list of deep-pocketed health care companies that have received billions of dollars in taxpayer funds but are laying off or cutting the pay of tens of thousands of doctors, nurses and lower-paid workers. Many have continued to pay their top executives millions, although some executives have taken modest pay cuts.
The New York Times analyzed tax and securities filings by 60 of the country’s largest hospital chains, which have received a total of more than $15 billion in emergency funds through the economic stimulus package in the federal CARES Act.
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The bailout money, which hospitals received from the Health and Human Services Department without having to apply for it, came with few strings attached.
