Healthcare Bailout News:

Randolph Health might have closed for good if it had not received $14.5 million in federal emergency pandemic grants.

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Reynolds Lisk, a former Randolph board member said, "Every penny of that was critical and we were just thankful,

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The federal health funds proved to be a windfall for the regional non-profit hospital chain Atrium Health.

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The Atrium received $617 million in government relief from April 2020 to December 2021 under the federal health fund.

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In the meantime, Atrium Health wholesaled with two mergers and increased its CEO compensation by 24% to $9.8 million.

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According to experts, the national health care system has had varying experiences with the unintended consequences of a $178B bailout.

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The Federal Health Fund also widened the gap between the industry's rich and poor, by disproportionately rewarding wealthy hospitals.

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Money is not needed as urgent. Many institutions reported strong profits and adopted a strategy of non-stop growth.

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"The rich got richer," said North Carolina state treasurer Dale Folwell, "that's a transfer of money from taxpayers to them."

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The Republican del Folwell is critic of the business practices of the Atrium and other hospital chains in the state.

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How was the $178B federal health care bailout used? This has turned out to be a big problem.

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