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Stock impact report

Trump administration pays out $26 billion in relief funds to hospitals Friday [CNBC]

UnitedHealth Group Incorporated (DE) (UNH) 
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am Check Earnings Report
US:NYSE Investor Relations: unitedhealthgroup.com/investors.aspx
Company Research Source: CNBC
The Trump administration started sending out initial payments to hospitals and physicians Friday, marking the first tranche of $100 billion in relief funding for health systems and providers passed by Congress as part of the Coronavirus Aid, Relief and Economic Security act. The money will help make up for lost revenue and increased costs health systems are facing due to the coronavirus response. "Payments being delivered this morning account for $26 billion of the initial $30 billion, delivering funds to hospitals and providers just two weeks after the President signed the CARES Act," said Health and Human Service Secretary Alex Azar in a tweet. The government has contracted with UnitedHealth Group to help expedite this initial tranche of payments. Normally, the Centers for Medicare and Medicaid contracts with several regional health insurers to pay the government's bills under the Medicare fee-for-service program. UnitedHealth Group said that it will donate all fees for administerin Show less Read more
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