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@foogatwo was kind enough to introduce me to a fun new CDC tool that tracks CARES act funding by hospital
one need not possess sherlock holmesian deductive powers to guess that those under the cuomo regime would be first & piggiest about getting snouts in trough
5/5 top spots!
one need not possess sherlock holmesian deductive powers to guess that those under the cuomo regime would be first & piggiest about getting snouts in trough
5/5 top spots!
big props to NYC HHC for getting twice as much as the next closest competitor!
$1.2 bn in federal funding. to one hospital system.
NY presby in second with 630 million. montfiore in 3rd with 467mm.
a full NYstate podium!
these are the true champions of crony capitalism.
$1.2 bn in federal funding. to one hospital system.
NY presby in second with 630 million. montfiore in 3rd with 467mm.
a full NYstate podium!
these are the true champions of crony capitalism.
NYS got 12% of funding. (5.7% of US population)
the only hospital outside of NY state to break $400mm in funding was HMH and they are actually 1/2 in NY 1/2 in NJ, so they get some honorary rights
once you break the top 10, it's <$300 million a paltry 25% of NYC HHC
pikers...
the only hospital outside of NY state to break $400mm in funding was HMH and they are actually 1/2 in NY 1/2 in NJ, so they get some honorary rights
once you break the top 10, it's <$300 million a paltry 25% of NYC HHC
pikers...
the average US hospital received $251,036, 0.02% of NYC HHC.
they got 4730X as much.
median was $9,994.
NYC HHC got $1,196,544,217. that's 120,000X the median.
boy, knowing how to play the pork game sure does pay.
bigly.
(pigly?)
they got 4730X as much.
median was $9,994.
NYC HHC got $1,196,544,217. that's 120,000X the median.
boy, knowing how to play the pork game sure does pay.
bigly.
(pigly?)
$98 billion has been allocated via this program.
391,602 hospitals have been recipients.
the top 10% have taken $92 billion of that. (94%)
the top 1% have taken $71 billion (72%)
the top 0.1% have taken $35 billion (36%)
392 hospitals out of 391,602 got 36% of funds.
391,602 hospitals have been recipients.
the top 10% have taken $92 billion of that. (94%)
the top 1% have taken $71 billion (72%)
the top 0.1% have taken $35 billion (36%)
392 hospitals out of 391,602 got 36% of funds.
so, the next time you wonder: "why would hospitals seek to overstate covid" keep this in mind.
this is why. it's been a massive pork barrel bonanza if you know how to play the game of "find covid, get paid from federal firehose of funding."
this is why. it's been a massive pork barrel bonanza if you know how to play the game of "find covid, get paid from federal firehose of funding."
this has been a never before seen grab bag of goodies and danger for the US hospital system.
they were forbidden from undertaking the elective procedures that pay all the bills and left reeling and insolvent.
then they were offered gobs of free money for finding covid.
they were forbidden from undertaking the elective procedures that pay all the bills and left reeling and insolvent.
then they were offered gobs of free money for finding covid.
what else could they do? this was clearly a gravy train leaving the station and their core businesses had been demolished by governmental diktat.
so they responded to incentives to survive.
it's not some conspiracy, it's just bad incentives breeding bad behavior.
so they responded to incentives to survive.
it's not some conspiracy, it's just bad incentives breeding bad behavior.
and until we shut off this staggering spigot of funding, it is not going to stop.
big business LOVES crony capitalism. it's safer, more predictable, and harder for competitors to encroach on.
it's also terrible for consumers, taxpayers, and in cases like this all citizens.
big business LOVES crony capitalism. it's safer, more predictable, and harder for competitors to encroach on.
it's also terrible for consumers, taxpayers, and in cases like this all citizens.
the over reporting and over-diagnosis this encourages is then used to inform policy that further limits hospitals' traditional revenue lines and adds more pork.
competing for that pork ups apparent dangers through over-reporting.
this tightens policy.
competing for that pork ups apparent dangers through over-reporting.
this tightens policy.
it's inescapable so long as the money flows and it rewards the worst and most aggressively cronyistic and at the expense of the honest and non-politically connected.
it is everything you do not want in a hospital system and a government.
stop the gravy.
#DemandBetter
it is everything you do not want in a hospital system and a government.
stop the gravy.
#DemandBetter
the tool can be found here:
feel free to check my work. https://data.cdc.gov/Administrative/HHS-Provider-Relief-Fund/kh8y-3es6/data
feel free to check my work. https://data.cdc.gov/Administrative/HHS-Provider-Relief-Fund/kh8y-3es6/data
