Argentum Comments on Federal COVID-19 Aid Package

WASHINGTON, D.C. — Argentum, a D.C.-based organization representing seniors housing operators, has weighed in on the $484 billion aid package passed on Friday. The bill provides further relief for Americans and businesses suffering from the economic impact of the COVID-19 pandemic.

“We are pleased to see the additional funding in the interim aid package, which included an additional $75 billion for the Public Health and Social Services Emergency Fund (PHSSEF) and an additional $25 billion to the Department of Health and Human Services (HHS) for COVID-related expenses,” says James Balda, Argentum president and CEO. “We advocated that additional funding for the PHSSEF be open to more than just hospitals, and were successful in that effort. We will continue to share the message that senior living should receive a portion of the remaining PHSSEF funds.”

“Additionally, we will continue to advocate for a change in Small Business Administration language that would allow senior living to be treated similar to the restaurant and lodging industries regarding relief eligibility,” continues Balda. “Finally, it is our hope that the additional $25 billion allocated to HHS for COVID-related expenses will help with securing more access to testing, which is critically needed across the industry for residents and staff.”

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