Wealthy US hospitals tap into COVID relief funds to cover costs
After collecting billions of dollars in the United States coronavirus aid, many of the nation’s wealthiest nonprofit hospitals are now tapping into disaster relief funds that critics say they don’t need. The money from the Federal Emergency Management Agency (FEMA) is going to some large health systems that have billions of dollars in cash reserves and investments, according to government records reviewed by Reuters news agency. FEMA has received nearly 2,200 aid requests from hospitals and thus far has approved about 15 percent of them, for a total of $894m, the agency told Reuters news....