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How the $484B stimulus bill will impact the healthcare sector

The Senate approved a new $484 billion stimulus bill on Tuesday, marking another phase of government support and leaving many wondering how the money will be dispersed. Yahoo Finance’s Anjalee Khemlani joins The Final Round panel to break down the latest news about the coronavirus.

Video Transcript

MYLES UDLAND: Let's bring in Anjalee Khemlani for the latest. Anjalee, on where cases stand right now, and also going a little bit into this bill that we expect to be passed and what it could mean for hospitals, for doctors. We focus so much on the small business side, but hospitals right now, despite being too full, are under quite a bit of financial pressure.

ANJALEE KHEMLANI: That's right, Myles. So just to give you an update on the count, we did surpass 2.6 million global cases today, and we're looking at numbers in the 180,000 range for death toll. Meanwhile in the US, we know that more than 834 people are infected, with more than 45,000 unfortunate souls who have lost their lives.

We are looking at, you know, what's going on in the hospitals. We know that elective surgeries have been-- and elective procedures have generally been slowing and slowed as a result, while, you know, hospitals were looking to increase capacity to deal with a potential surge from the outbreak. And so in that, they ended up losing, you know, one of the more lucrative sides of their operations.

And so in this bill, we've seen $75 billion going to potentially boosting some of those hospitals that are in need. And this is in addition to $100 billion that was already earmarked earlier in the first part of that package. So really waiting to see how it all turns out. We know that because of the concerns of smaller rural hospitals, we are seeing a lot of attention being paid to that. One of the Democratic senators saying that the Health and Human Services Department does need to keep an eye on it.

About $6 million has been earmarked right now to the Office of the Inspector General to make sure that hospitals are, in fact-- and the necessary recipients are, in fact, getting the funding. So we will wait to see how that all pans out. But it is a, you know, really a struggling time for some of the health care sector. So really want to see what the outbreak does and what the results are there. Myles.

MYLES UDLAND: All right, Anjalee Khemlani with the latest on the coronavirus.

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