>> GADI, THANKS SO MUCH FOR % THE CALIFORNIA UPDATE.
>>> BY THE END OF THIS WEEK %
THEY DEPARTMENT OF HEALTH AND
HUMAN SERVICES WILL HAVE %
DELIVERED $30 BILLION TO U.S. %
HOSPITALS AND THAT’S A %
FRACTION OF THE $100 BILLION %
EARMARKED UNDER THE FEDERAL %
CORONAVIRUS PACKAGE. %
PRESIDENT TRUMP EXPLAINED HOW %
THE REST OF THE MONEY WILL BE %
DISTRIBUTED DURING A MEETING %
WITH HEALTHCARE EXECUTIVES. %
>> SO HHS WILL DISTRIBUTE %
ADDITIONAL FUNDS FROM THE %
REMAINING $70 BILLION PROVIDED %
IN THE C.A.R.E.S. %
ACT, A BIG DEAL TO GET THAT %
PAST. %
PAST. % A SIGNIFICANT AMOUNT OF THE %
MONEY GOES TO HOSPITALS AND %
HOTSPOTS WHILE A PORTION OF IT %
WILL GO TO HOSPITALS FOR THE %
COURSE OF TREATING UNINSURED %
PATIENTS AND FOR THE %
CORONAVIRUS.
CORONAVIRUS. >> BUT AND AN NBC ANALYSIS %
FOUND OUT SO FAR HOSPITALS ARE
MAJOR HOTSPOTS BEING %
SHORTCHANGED AND JOSH %
LETTERMAN IS BEHIND THAT %
INVESTIGATION HERE WITH ME %
NOW. %
NOW. % JOSH, WHAT DID YOU FIND?
>> YOU WOULD THINK, ELLISON, %
THE MONEY WOULD HAVE BEEN %
DOLED OUT TO THE STATES THAT %
NEED IT MOST LIKE NEW YORK, %
NEW JERSEY, CALIFORNIA, AND IN %
ALL THESE CASES, THE %
GOVERNMENT WANTED TO GET SOME %
OF THE MONEY OUT THE DOOR AS %
SOON AS HUMANLY POSSIBLE TO %
HOSPITALS AND DOCTORS THAT %
NEEDED. THEY USE THE BEST %
INFORMATION THEY ALREADY HAD %
ON HAND WHICH TURNED OUT TO BE
MEDICARE SPENDING RATES FROM %
LAST YEAR. %
SO THE FIRST $30 BILLION GRANT %
WENT OUT BASED ON HOW MUCH EACH
HOSPITAL OR DOCTORS GOT IN %
MEDICARE BILLINGS LAST YEAR
UNRELATED TO COVID. %
AS A RESULT WE SEE MAJOR %
DISCREPANCIES SUCH AS WEST %
VIRGINIA WHICH HAS 702 CASES %
AND NOT PARTICULARLY HARD-HIT %
SO FAR BY CORONAVIRUS BUT GOT %
WHAT AMOUNTS TO $351,000 FOR %
EVERY CASE THEY HAVE IN THE %
STATE.
STATE. JUST ACROSS THE POTOMAC RIVER %
IN MARYLAND, THEY HAVE 10,000 %
CASES SO A MUCH LARGER NUMBER. %
AS A RESULT IF YOU LOOK HOW %
MUCH THEY GOT PER PATIENT IT %
TURNS OUT TO BE ONLY $74,000. %
WE SEE THIS PLAY OUT IN ALL %
PARTS OF THE COUNTRY SUCH AS %
LOUISIANA, ANOTHER STATE WE %
TALK ABOUT AND A HOTSPOT IN %
NEW ORLEANS AND OTHER PLACES %
IN LOUISIANA. %
THEY HAVE ALMOST 22,000 CASES %
IN LOUISIANA. %
AT ABOUT $21,000 IF YOU TAKE %
HOW MUCH LOUISIANA GOT AND %
DIVIDE BY HOW MANY CASES THEY %
HAVE.
HAVE. JUST OVER THE STATE BORDER IN %
ARKANSAS ONLY GOT 1500 CASES %
AND GOT $209,000 FOR EACH ONE %
OF THOSE CASES. %
AND WE HAVE REALLY BEEN SEEING
SOME CONCERNED EXPRESSED BY %
OFFICIALS ESPECIALLY NEW YORK %
AND NEW JERSEY, SOME OF THE %
HARDEST HIT STATES IN THE %
PANDEMIC SO FAR. NEW YORK FOR %
EXAMPLE WITH ITS 203,000 PLUS %
CASES ONLY GOT ABOUT $9000 FOR %
EACH OF THOSE CASES THEY ARE
DEALING WITH WELL JUST OVER %
THE STATE BORDER IN NEW JERSEY %
WHERE THEY HAVE 71,000 CASES %
STATE GOT JUST UNDER $13,000 %
FOR EACH OF THOSE POSITIVE %
CORONAVIRUS CASES IN THE
STATE.
STATE. >> JOSH, I KNOW YOU SAID SOME %
HOSPITALS GOT NEXT TO NOTHING
SO WHO -- %
>> WHO GETS MEDICARE MONEY
TYPICALLY BILLED TO MEDICARE %
AND CERTAIN GROUPS THAT JUST %
DON’T SUCH AS CHILDREN’S
HOSPITAL BECAUSE THERE ARE %
ALMOST NO CHILDREN ON MEDICARE %
IN THE UNITED STATES AND ALSO %
OBSTETRICIANS AND DON’T HAVE A %
TON OF CLIENTS WHO ARE OF
MEDICARE AGE ALSO GOT LESS OUT %
OF THIS. %
AND RURAL AREAS AND THOSE WITH %
MORE PEOPLE ON MEDICAID LIKE %
LOW INCOME AMERICANS HAVE LESS %
PEOPLE ON MEDICARE SO %
PROPORTIONALLY THEY GOT FAR %
LESS THAN STATES WITH LARGER %
NUMBERS OF MEDICARE
RECIPIENTS. %
RECIPIENTS. % >> JOSH, YOU MENTIONED NEW %
YORK AND NEW JERSEY NOT %
GETTING WHAT THEY NEED. %
A GROUP OF 36 BIPARTISAN %
LAWMAKERS WROTE A LETTER TO %
CONGRESS. WHAT ARE THEY ASKING %
FOR AND SAYING NEEDS TO HAPPEN
HERE? %
HERE? % >> THEY ARE INTERESTED IN TWO %
THINGS. %
THINGS. % FIRST OF ALL THEY WANT THE %
REST OF THIS MONEY AS IT’S %
BEEN DOLED OUT, THE $70 %
BILLION LEFT, THEY WANTED TO %
BE APPORTIONED MORE ACCORDING %
TO WHERE THERE IS CORONAVIRUS %
NEED AND WE’VE HEARD THAT %
ECHOED BY THE SENATOR FROM %
MARYLAND AND WANTS THE SAME %
FOR OTHER PLACES AND IN THE %
NEW YORK NEW JERSEY AREA THEY %
ALSO WANT A SEPARATE $35
BILLION FUND THAT CONGRESS %
SHOULD CREATE IN THEIR VIEW IN %
ORDER TO DEAL WITH THE REAL %
ONSLAUGHT OF CASES IN ALL THE %
EXPENSES THAT COME WITH IT %
INCURRED RIGHT NOW BY NEW YORK %
AND NEW JERSEY AS THEY MAKE %
THEIR WAY THROUGH THE %
PANDEMIC. %
PANDEMIC. % >> JOSH, UNBELIEVABLE NUMBERS. %
I KNOW A LOT OF HOSPITALS %