Nonprofit Hospitals Made Huge Profits During Pandemic While Receiving $23 Billion in Federal COVID-19 Aid: Report

Nonprofit Hospitals Made Huge Profits During Pandemic While Receiving $23 Billion in Federal COVID-19 Aid: Report
The Mayo Clinic in Rochester, Minn., on Sept. 29, 2020. Kerem Yucel/AFP via Getty Images
Mark Tapscott
Updated:
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Federal officials gave more than $23 billion in COVID-19 aid to the nation’s top 20 nonprofit hospitals, even as a 62 percent increase in their collective net assets led to parallel surges in the institutions’ total profits and revenues during 2018–2021, according to a new report.

Only two of the 20 institutions have repaid the government for the COVID-19 aid they received.

Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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