Insurance and Economic Update from President Trump

Healthcare will be provided for uninsured, small business loans are to begin soon.

President Trump began Friday’s briefing in the White House by introducing House Minority Leader Kevin McCarthy of California, and by thanking and congratulating California for their forward thinking.

Representative McCarthy said he is hopeful that the economy will soon be working again as small businesses get ahold of the loans under the stimulus program.

Over a billion and a half dollars in loans have gone out today in the Paycheck Protection Program. Under the Paycheck Protection Program workers should receive relief. Already loans are being processed to keep workers employed during this unprecedented time. He credited large and community-based banks. The SBA and Treasury is working “around the clock,” he said, to get money to small businesses as quickly as possible. The goal is to get back to where we were.

He met with energy executives earlier today and informed them that space will be made available to store surplus oil to be sold at a later time. Demand is down, and “we don’t want to lose production,“ the president said. “We want to make sure they stay in good shape.“

The president continues to engage with leaders all across the nation. “Today we met with leaders of retail industry where enormous impact has been put on their industries. They are patriotically committed to do what is right, and they are inspiring,“ said President Trump.

Action is being taken to assure that the costs of taking care of the virus are being waived by Blue Cross and Blue Shield, just as Cigna and Humana have done.

The administration is getting access for the uninsured. The funding is already being rolled out to cover the testing and diagnosing of the uninsured. Under the direction of the president, a portion of the costs for uninsured to cover treatment will be provided. It is condition, providers will not be allowed to bill any difference to patients. They will be reimbursed at Medicare and Medicaid rates.

Hospitals and healthcare providers treating uninsured patients will be reimbursed by the federal government, so uninsured Americans should not be concerned about the costs. If people have lost employer covered insurance, depending on their states, they may be eligible for Medicaid.

As the Lord Leads, Pray with Us…

  • That the Stimulus Program will benefit recipients during the economic challenges of the pandemic.
  • For businesses and employers to succeed in staying in existence at this time.
  • For the physicians who will be reimbursed by the government.
  • For the uninsured who need treatment to have hope.

Sources: FOX, C-SPAN


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