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2025-06-05 22:35:33
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As health system budgets continue to recover from deep losses caused by the COVID-19 pandemic, questions are being raised about why hospitals with billions in reserves still received hundreds of millions of dollars through taxpayer bailouts.As part of the CARES Act in April, the federal government infused billions of dollars into the economy, with much of the money going to hospitals across the country.“The CARES Act basically said hospitals had to apply for money and had to demonstrate need,” said Robert Berenson, a fellow at the Urban Institute. “That was completely ignored under the pressure to get the money out the door.”According to COVID Stimulus Watch, Beaumont Health System received more than 3,377,370 while McLaren Health System took in 6,502,427. Henry Ford Health System reports receiving 0,538,048 through the CARES Act. Spectrum Health collected 9,000,000.According to the health systems’ most recent quarterly financial filings, each had billions in cash and investment reserves.At the end of March, Beaumont reported .05 billion in cash and investments, McLaren had .18 billion and Henry Ford had .25 billion.Spectrum Health, based in Grand Rapids, reported the most: .2 billion in cash and investments — enough to run the health system for 246 days.Berenson, who studies healthcare costs, said the vast revenues should have been utilized, at least in part, to offset costs that were shouldered by taxpayers.“What’s the purpose for not-for-profit hospitals to have large surpluses, other than for this kind of an emergency?” he said.Without question, all of the hospitals saw significant losses in revenue due to elective procedures being canceled and increased expenses in security and scarce personal protective equipment.Each of the health systems stresses that while they appreciate the federal grants, they will not cover all of their losses.Beaumont, McLaren and Spectrum all declined on camera interviews, but Henry Ford’s Health System CFO Robin Damschroder agreed to an interview."It was critical for us to be able to pay payroll, buy pharmaceuticals, pay our utility bills," Damschroder, who leads the Michigan-based system said. "If we didn’t have those accelerated loans, we would have been going out on our credit lines very, very quickly in an effort to keep everything moving."Damschroder estimated the hospital will have lost 0 million due to the pandemic, and is bracing for a second wave to slash revenues further.“We’re anticipating a wave two. We are unclear given the amount of money that’s been given out today whether there will be more money,” Damschroder said. “So if the second wave were as big as the first, or half of the first, you can imagine that Henry Ford is going to have to look to those reserves then.”Grants to hospitals weren’t based on need, but rather on past revenues. It prioritized large health providers first, and smaller, more rural hospitals last.North Ottawa Community Health System in Grand Haven, Michigan, a small hospital with under 500 employees, was struggling well before the pandemic and was late to receive any federal funds after it took hold.“It has shown the light about the inequities of hospital funding,” said Jennifer VanSkiver, chief communications officer for the health system.In total, the health system received .2 million through the CARES Act, not enough to offset .7 million in losses.“With smaller hospitals,” VanSkiver said, “you don’t typically have huge cash reserves or the ability to forever rely on investment income.”Niall Brennan, the CEO of the Healthcare Cost Institute in Washington, doesn’t blame Michigan hospitals for accepting the federal funds because they all lost significant revenues. Back in April, he said, no one knew if the surge of COVID-19 patients would last weeks or months.But where he does fault hospitals is for accepting federal funds and still furloughing or laying off employees. Beaumont furloughed nearly 2,500. Henry Ford furloughed 2,800.McLaren and Spectrum also furloughed employees, but the final numbers were not publicized. Both released statements."McLaren has taken decisive action to stabilize its operations and protect its financial strength during the pandemic," said spokesman Kevin Tompkins in an e-mail."We’ve focused our resources, reduced expenses and boosted our liquidity to ensure we have adequate cash on hand to support normal operations and the increase in COVID-19-related cash obligations that will extend well into 2021. Unfortunately, this pandemic is far from over," he said."The financial impact of COVID-19 is far-reaching and will suppress our health system’s revenues for the remainder of the year, which will end in a loss," said Spectrum Health spokesman Bruce Rossman. "This makes financial adjustments imperative. The most difficult adjustment involved the furloughing of team members and the elimination of positions that would not be needed in the future. These were roles that did not involve direct patient care."Beaumont did not release a statement..“Maybe a CFO can look at the bottom line and say look, we’re not utilizing these people and therefore they need to be furloughed,” Brennan said. “But this was an extraordinary time for our country, and if an organization could afford to keep their workers paid, I think they should have made every effort to do so.”Each of the hospitals said furloughs were necessary to ensure they’d survive longer than just the next year. Most furloughed employees have returned to the workforce."When people start to read about the reserves that certain facilities have or the profits that certain facilities are making or the furloughs that certain facilities are engaging in,” Brennan said, “people sort of question the optics.”This article was written by Ross Jones for WXYZ. 5825

  中山痔疮图片女性   

ANZA, Calif. (KGTV) - A preliminary 3.1-magnitude earthquake jostled the Anza region, sending shivers into the North San Diego County area Saturday.The tremor hit about two miles northeast of Anza, in southern Riverside County, just before 12 p.m., according to the U.S. Geological Survey. It has a depth of about 7.4 miles.According to the USGS' "Did you feel it?" map, the shakeup could be felt in Temecula and into Orange County, and as far away as Jamul. Most reports were centered around Cathedral City and Anza.There were no immediate reports of damages or injuries.One week ago, magnitude-3.5 and -3.2 earthquakes hit the same region.Multiple aftershocks were recorded following Saturday's earthquake, though most below 1.0. The quake is the eighth above 2.5 recorded in the Anza area over the past 30 days, according to USGS. 861

  中山痔疮图片女性   

An effort is underway to save Mira Mesa Lanes, the popular bowling alley on Mira Mesa Blvd.Click here for more information, including how to donate 155

  

As many parades and gatherings are canceled this Veterans Day, a campaign to honor veterans is taking to social media. Organizers hope it will bring togetherness and attention toward those who have served and sacrificed.“When I returned home from serving on active duty, when I took my uniform off for the last time, I felt like I’d removed my purpose right along there with the uniform,” said Mary Beth Bruggeman, who served eight years in the Marine Corps as a combat engineer.Bruggeman was deployed to Iraq, where she led more than 100 Marines and dozens of vehicles across the border during the Iraq invasion. Yet, when all of that was over, she felt empty."So, for me, finding a way to serve again was the thing I really needed and the other challenges I had that I was facing in my life came after the ability to really find and connect back to that purpose,” Bruggeman said.Bruggeman is the current president of "The Mission Continues.”“It connects veterans with the opportunity to find purpose again through additional skill building and then repurposing those skills in community,” Bruggeman said.While Bruggeman’s organization’s work is always ongoing, t

  

And the title of the next Avengers film is...Endgame.Marvel Studios released the first trailer for the fourth — and possibly final — Avengers film on Friday, confirming suspicions that the movie would be called "End Game."The trailer offers few hints to the fate of a number of superheroes following the ending of Avengers: Infinity War, but offers a glimpse of heroes Black Widow, Captain America, Hawkeye, Nebula, Iron Man and the Incredible Hulk.The end of the trailer introduces Hank Pym, aka Ant-Man into the new film's storyline, after he was absent from Infinity War.The message tweeted alongside the video? "Part of the journey is the end." — a line uttered by Stark during the trailer.The trailer does not give a release date for the film, but it confirmed the movie would be released in April.There is at least one more Marvel movie set to release ahead of Avengers, which could offer more insight into the new Avenger's plot — Captain Marvel, which will hit theaters on March 8.Watch the full trailer in the player below.  Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1149

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