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What the $2 trillion stimulus bill means for the healthcare industry - Business Insider

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Here's exactly what the $2 trillion coronavirus stimulus bill means for hospitals, doctors, and health insurers

The 880-page legislation, called the "

The procedural move means most lawmakers can stay in their districts at a time when public health officials are urging as many people as possible to stay home. But it's also a risky maneuver given that the bill would fail to quickly make it to President Donald Trump's desk if a single member objects or requests a roll call vote.

The American Hospital Association, the American Medical Association, and the American Nurses Associationthat hospitals are losing $1 million a day from the pandemic, not just from screening and treating people who have the virus but also from purchasing additional supplies and forgoing revenue by delaying routine medical procedures.

Under the bill, drugmakers will need to report how much of their medicines they have in stock, must alert officials whenever they can't get an ingredient they need, and must craft a backup plan in case they should they run out of supplies. Medicines facing a shortage would get priority for review by the Food and Drug Administration.

 

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