US sent billions in COVID aid to hospitals that didn’t need it: report

True Pundit December 7, 2022

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The U.S. government sent billions of dollars in COVID-19 aid to lucrative hospitals with no need for the funds, even as other hospitals failed to meet their needs.

The U.S. chose to distribute funds by using average revenue as a proxy for size and, therefore, need and did not rely on COVID-19 caseloads, The Wall Street Journal reported Monday. As a result, many wealthy care centers received vast amounts of cash they didn’t need, while hospitals that were overrun received the same amount of cash but needed even more.

“It’s a bit like your low-lying house is about to be flooded, and the National Guard shows up and drops off some sandbags for you, but also brings a bunch to the homes on higher ground that are not particularly at risk,” William Schpero, a health economist at Weill Cornell Medicine, told WSJ.

President Biden’s Department of Homeland Security says roughly 90% of the funds were handed out under former President Trump’s administration. – READ MORE

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Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

(FREE) PAINE IN THE MORNING: What you need to know this Tuesday – December 6, 2022

Here’s what you need to know today, Tuesday – December 6, 2022. There is also a full, ad-free video podcast of this broadcast available to…

True Pundit December 6, 2022

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – December 6, 2022

Here’s what you need to know today, Tuesday – December 6, 2022. Wall Street CEOs funding China’s military and human rights abuses. Here’s why –Wall Street wants everyone to think they care about socially and morally responsible investing. They hope the latest “ESG” craze – which stands for Environmental, Social, and Corporate Governance (ESG) –…

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True Pundit December 6, 2022