Children’s Hospitals Could Lose Millions
Children’s hospitals at risk of losing millions in payments for treating low-income patients are looking to Congress for help after the U.S. Supreme Court declined to take their case.
Senate Finance Chairman Chuck Grassley (R-IA) wants Congress to address the issue as it deals with another upcoming funding deadline, according to a spokesman.
The high court declined Monday to take up a Department of Health and Human Services rule that decreases Medicaid payments to safety-net hospitals that serve low-income patients as well as patients with Medicare or private insurance.
Children’s hospitals are particularly vulnerable to the effects of the change because they serve a significant number of patients who have private insurance, Aimee Ossman, vice president of policy analysis and implementation at the Children’s Hospital Association, said.
The safety net payments are designed to shore up those hospitals by helping them defray the cost of caring for uninsured patients and those whose insurance—typically Medicaid—doesn’t cover the full cost of their care.
From Bloomberg News Reports
EU Wine, Whiskey Duties Seen Making U.S. Sellers ‘Punching Bag’
Wine and spirits distributors and importers, many of them small businesses struggling during the coronavirus pandemic, are pressing the Trump administration to lift tariffs on European goods, saying the levies hurt Americans most.
“As a small business, you never think your government is going to be the most difficult burden in your journey,” said Ben Aneff, president of the U.S. Wine Trade Alliance and managing partner of Tribeca Wine Merchants in New York City. “It’s not fair for us to be a punching bag in a trade dispute.”
The distributors and importers are pleading for the government to lift its duties on specific products from the European Union, including Scotch and Irish whiskeys, liqueurs, cordials, and wine. Covid-19 outbreaks forced bars and restaurants to shutter, further hurting the wine and spirits industry.
From Bloomberg News Reports
Non-profits Lost Jobs Due to Covid-19
Nonprofits have lost nearly a 1 million jobs because of the Covid-19 pandemic and resulting economic downturn, according to a report from Independent Sector. About 7% of nonprofits are expected to close this year, according to the report,
“Across COVID-19 research, it is clear that nonprofits of all sizes are struggling financially, reporting overall revenue declines with varying levels of losses,” the report said.
Southwest May Implement Layoffs and Furloughs
Southwest Airlines is famous within the notoriously volatile airline industry for earning 47 consecutive years of profits and avoiding layoffs and furloughs throughout its half-century history. However, since July, management has been warning that demand isn't recovering quickly enough to enable the airline to support its current payroll.
As recently as last week, it seemed like the federal government was on the verge of providing additional relief funding to U.S. airlines, enabling Southwest to avoid painful cuts. Unfortunately, that still hasn't happened. In a message to employees this week, CEO Gary Kelly said that Southwest Airlines would approach its unions to ask for temporary concessions. If negotiations fail -- and additional federal funding doesn't arrive in time -- the airline will implement the first layoffs and furloughs in its history.