Hospitals get extension of loan repayment in continuing resolution signed by President Trump

Lincoln Wylie

President Trump signs a continuing resolution that includes an extension of hospital loan repayments. (Photo by Pete Marovich - Pool/Getty Images)President Trump signals a continuing resolution that contains an extension of medical center financial loan repayments. (Photograph by Pete Marovich – Pool/Getty Visuals)

Hospitals that took benefit of federal financial loans to enable them via the COVID-19 crisis have been supplied an extension to repay Medicare accelerated and advance payments.

Hospitals get an extension from 120 days of the financial loan to 29 months from the date of the initial payment. Through the initial 11 months in which any these payment offsets are manufactured, 25% of the sum is because of through the succeeding six months, fifty% of the sum is because of and hospitals are becoming supplied 29 months from the date of the initial payment right before necessitating that the fantastic equilibrium be paid out in full.

The measure was signed by President Trump earlier currently as part of a continuing resolution to stop a governing administration shutdown. 

Read More