Economics

Proposed budget indicates the White House Covid operations are winding down

Wed, 2023-03-08 19:18 — mike kraft

The latest sign the White House Covid operations are winding down? Its proposed budget It’s the latest sign the administration is moving to a new phase of the pandemic fight and uninterested in battling House Republicans on this front. POLITICO

...The White House proposal, which is scheduled for release Thursday, is expected to drop a call Biden made last year for tens of billions of dollars to fuel the ongoing crisis response, including purchasing more vaccines and treatments, three people familiar with the matter told POLITICO.

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Pandemic funds fraud cases: Floria media influencer, Michigan union

Tue, 2023-03-07 11:47 — mike kraft

Influencer pleads guilty to $1.5 million COVID relief fraud scheme Danielle Miller has pleaded guilty to three counts of wire fraud and two counts of aggravated identity theft. CBSNews

The New York-born Miller used the stolen identities of more than 10 people and fake business names to claim pandemic-related financial assistance, which she then used to fund personal expenses, such as rent in a luxury apartment and to charter a private plane.

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International Pandemic fund needs much more money --World Bank

Tue, 2023-03-07 10:54 — mike kraft

Pandemic fund vastly oversubscribed, more money needed - World Bank More than 100 low- and middle-income countries have put in early bids for at least $5.5 billion from a fund that initially has only $300 million to spend to help them better prepare for pandemics. Jennifer Rigby Reuters

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Biden new budget proposes Medicare funding boost, lower costs for prescription drugs

Tue, 2023-03-07 10:24 — mike kraft

Biden will seek Medicare changes, up tax rate in new budget WASHINGTON (AP) — President Joe Biden wants to increase taxes to boost funding for Medicare and expand the program’s ability to negotiate lower costs for prescription drugs, according to advance details of his budget proposal being released later this week. AP NEWS

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U.S. rural hospitals are struggling financially as COVID aid runs out

Mon, 2023-03-06 09:27 — mike kraft

Rural hospitals that were struggling financially even before the pandemic are running out of COVID aid Financial pitfalls at the U.S.'s highest-elevation hospital in Colorado serve as a cautionary tale. YahooFinance

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Now that those COVID funds are gone, many challenges that threatened rural hospitals before the pandemic have resurfaced. Industry analysts warn that rural facilities, like St. Vincent Health, are once again on shaky ground.

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Billions of dollars and 35 years of US investment in research led to development of mRNA COVID vaccines --study

Fri, 2023-03-03 10:35 — mike kraft

35 years of US investment in research led to development of mRNA COVID vaccines CIDRAP

In the three decades leading up to the pandemic, the US government invested $31.9 billion in research that supported the development of mRNA COVID-19 vaccines in 2020, $337 million of which was invested before the pandemic, finds a Brigham and Women's–led study published yesterday in The BMJ. ...

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North Carolina legislators, including Republicans, agree on Medicaid expansion

Fri, 2023-03-03 10:07 — mike kraft

N. Carolina legislators reach Medicaid expansion deal RALEIGH, N.C. (AP) — North Carolina legislative leaders announced Thursday an agreement to expand Medicaid to hundreds of thousands of additional low-income adults through the Affordable Care Act. The deal, which likely won't be voted on until later this month at the earliest, marks a milestone for Republican lawmakers, most of whom opposed expansion for a decade until recently, and for hospitals and patient advocates who sought it all that time. AP NEWS

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Biden administration to seek $1.6B funding to counter pandemic fraud

Thu, 2023-03-02 09:58 — mike kraft

Biden pushes for $1.6B funding for pandemic fraud measures President Joe Biden's administration is asking Congress to approve more than $1.6 billion to help clean up the mess of fraud against the massive government coronavirus pandemic relief programs . AP NEWS

...In a strategy announced Thursday, the administration called for money and more time to prosecute cases, to put into place new ways to prevent identity theft and to help people whose identities were stolen. ..

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