David Brancaccio, Kaiser Family Foundation, Federal Government discussed on Morning Edition


I'm David Brancaccio what the president has now signed into law keeps the federal government funded for another nine months to September. No shutdown. Among the elements in the pandemic Relief section is the country's first ever rental subsidy program funded by the federal government. $25 billion Worth Marketplaces Nervous. A foe is here with more on that. And that money will be distributed for states to administer Congress directed that the program get going in 30 days or less after the bill is signed into law. That will be just when the brief extension of the CDC is eviction moratorium runs out David and that's at the end of January, and once the program gets going, it can run up to 15 months. Will everyone who was able to use the ban on evictions be eligible for rental assistance, then The criteria is similar. But there is an order of priority that states are supposed to implement. And that priority is supposed to go to households that meet at least one of two conditions, and those are At least one person household is unemployed for at least 90 days or households. Total income does not exceed 50% of the area's median income. By the typical income Now, a lot of people of rent. Does this help with back rent or for what you owe going forward? So it's past due rent First. Once that's reduced households can get up to three months for future and but David, the $25 billion set aside for all of this is likely not going to be enough. Estimates are that Americans will need somewhere between 70 to $100 billion in rental. Eight. Nova. Thank you. Legislation from last bring curved covert related medical costs for many market places. Mitchell Hartmann has an update on that covert tests and vaccines are supposed to be free, says Karen Pollitz at the Kaiser Family Foundation. But we really don't have legislation that shields people from the cost of covert treatment. Some patients just get better at home. But others require much more expensive care, and says University of Minnesota epidemiologist Commie Smith, Even among covert patients who get hospitalized the course of diseases wild, the ranging a standard hospital stay will cost around $13,000, according to the Kaiser Family Foundation. A severe case involving the ICU or a ventilator can cost upwards of 90,000 Paul, it says. For people who have health insurance most of that should be covered but with deductibles, even in an uncomplicated case. The average person might be facing, you know, $1300 in out of pocket costs. There is a government program to pay these bills for the uninsured. But on Lee if medical providers opt in I'm Mitchell Hartman for marketplace. At the dawn of the last few trading days of the year, the Dow future is up 6/10 percent S and P and NASDAQ futures each up 7/10 percent for the year. The S and P is up more than 14%. Even with that Covad collapse in the spring. Lot of the strength has been pandemic. Low interest rates making alternatives to stock seem lifts attractive to investors. Marketplace Morning report is supported by bill dot com Over 100,000 small and midsize.

Coming up next