Jeffrey A. Singer is a senior fellow at the Cato Institute and works in the Department of Health Policy Studies. He is principal and founder of Valley Surgical Clinics Ltd., the largest and oldest group private surgical practice in Arizona, and has been in private practice as a general surgeon for more than 35 years.
Through the fourth quarter of 2020, businesses in Peoria received $19.3 million in health-related relief from the CARES act issued by the Department of Health and Human Services.
According to numbers reported through the fourth quarter of 2020, businesses in Arizona received $1.5 billion in health-related relief from the CARES act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Banner-University Medical Center Phoenix with a total of $80.6 million. The average loan size in the city was $95,501 while the state s average loan amount was $194,289.
Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn t returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren t