News Headlines Article

Spending measure includes provision to aid rural hospitals
Modern Healthcare

Nearly nine months after many rural hospitals lost access to a program that provides federal backing to lower the cost of hospital construction and renovation loans, a provision to reinstate that fiscal backstop advanced in the Senate.

Sen. Herb Kohl (D-Wis.) added a provision to the Transportation, Housing and Urban Development spending bill to renew an exemption for critical-access hospitals that allowed more of them to qualify for the Federal Housing Authority’s Section 242 mortgage-insurance program.