Abstract
The financial impact of the COVID-19 pandemic has fundamentally changed the healthcare environment, with hospitals expected to lose billions in 2021. A preexisting nationwide nursing shortage has drastically worsened during the pandemic, causing a dramatic increase in labor costs and further straining an economically fragile US healthcare system. Although the Medicare Coronavirus Aid, Relief, and Economic Security Act allocated more than $350 billion for distribution in ongoing phases, funds have not been specifically assigned to increased labor costs amid nursing shortages.
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