Biden Bailout

Economic Good News

According to Bloomberg and the Wall Street Journal, American economic output jumped more than 7% in the last three months of 2021. Incredible. Because of Biden’s economic policies, overall growth for 2021 will exceed 6%. These numbers are the highest in decades.

In February, Trump’s jobless rate was 6.2%. Now it has dropped to 4.2%. The Biden administration created 4.2 million jobs. That is more than were created in the 12 years of the Trump and George W. Bush administrations combined.

Congress passed a $1.2 trillion infrastructure bill that will repair bridges and roads and get broadband to places that still don’t have it.

In other good news, more Americans are insured. More than 13 million Americans have signed up for health plans through the Affordable Care Act for 2022, a new record.

Nursing Home Help

The Biden Administration will release a portion of the $9 billion in COVID-19 Provider Relief Fund Phase 4 payments to healthcare providers. More than 69,000 providers will get bailout payments.  Mostly rural facilities, Children’s Health Insurance Program or Medicare patients.

Biden’s American Rescue Plan provided the funds. The agency announced more than $25.5 billion in relief funding in September. Average payment per facility range from $58,000 to $1.7 million. That is a lot of money but occupancy remains low and caregivers need bonuses. Wages in America are growing at about 4% a year