A pushes a gurney stretcher along a hospital corridor. (Photo: Spotmatik Ltd, via Shutterstock)
California’s hospitals are experiencing unprecedented financial stress due to the COVID-19 pandemic, with net losses projected to hit $14.6 billion by the end of 2020. The losses are “way above anything anyone could have anticipated… the costs have been nothing like we have ever seen before,” said Jan Emerson-Shea, a spokeswoman for the California Hospital Association, which represents about 400 hospitals, large and small.
Illustration: Aleksey Novikov, via Shutterstock),
California’s stem cell agency, in an emergency action, has allocated $5 million for research into treatments for Covid-19 and set the deadline for the first applications for one week from today. The California Institute for Regenerative Medicine (CIRM) approved the funding Friday during an emergency meeting of its governing board.