Michigan Hospitals' Pandemic Profits and Tax Breaks: A Closer Look.

Some Michigan hospitals and health systems posted increases in operating profits and overall net assets during the pandemic, with a large portion of those profits coming from COVID-19 relief programs established by the federal government. The Coronavirus Aid, Relief, and Economic Security Act, Paycheck Protection Program, and Coronavirus Response and Relief Supplemental Appropriations Act provided a total of $178 billion to hospitals and healthcare providers across the U.S. on the front lines of the COVID-19 response. Michigan providers received a total of more than $4 billion from those programs.