CVS returning $43.3 million in coronavirus funds from the CARES Act - Business Insider

CVS Health received $43.3 million from the Provider Relief Fund created under the CARES Act. On Tuesday, it told the Trump administration that it would be returning the full amount.CVS Health received $43.3 million in coronavirus stimuls funds from the federal government, but is returning the money.

"We have made the decision to return the funds and forgo participation in subsequent disbursements," Merlo said in a letter dated May 19 to Alex Azar, the secretary of the Department of Health and Human Services. "In doing so, we hope to help HHS provide additional support to other providers who are facing significant financial challenges as a result of the pandemic."

HHS determined that the first $30 billion out of the $100 billion fund would go out automatically, though providers can decide whether they want to keep the funding. Health officials said they made this choice to get the money out quickly.A leaked document from Senate Democrats provides clues on how the federal government will allocate $100 billion from the coronavirus stimulus to hospitals

Why did they get it to begin with? I know here in Florida, they didn't close. People still get their prescriptions. It's sad, the people got $1200, it barely did anything.

$43 million could have gone & saved a lot of small businesses. How are these multinational corporations getting such an easy time with taxpayers money? How many small business owners had to close because they didn't get money? stevenmnuchin1 cvspharmacy Scavino45 GOPLeader

A hold not ahold

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PHOTOS: Look inside a pre-Revolutionary war mansion in Charleston - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

4 fund managers share small-cap stock picks, strategies amid coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

These 7 companies are rallying for health workers on COVID-19’s front lineThese 7 companies are working to fight the spread of COVID-19 — and find a cure. Story from NYSE NYSE Joe Biden helped lead the economic recovery which resulted in one of the strongest economies in America's HISTORY. Vote for Joe Biden to protect our country, our families, and for our country to be PREPARED for the NEXT pandemic. Vote NYSE Thanks to these 7 companies who along with the Drs,Nurses & all other Heath providers who appreciate the problems brought about with this major virus has done to all of us. NYSE Spain is fed up.
Source: USATODAY - 🏆 100. / 63 Read more »

Coronavirus tsar to divest his $10 million in stocks from Moderna - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thisisinsider divest into umbrella corporations owned by him. He waited until after Moderna reported initial vaccine success, driving the stock price up by 26% or more, to announce divestment. He's a crook. He should give profits to a COVID charity.
Source: BusinessInsider - 🏆 729. / 51 Read more »