January 18, 2021

Argentum:A Review of Biden’s American Rescue Plan and Its Impact for Senior Living

January 15, 2021…Last night, President-elect Biden released his proposed $1.9 trillion relief package that includes $415 billion focused on combating the COVID-19 pandemic, over $1 trillion in direct aid to individuals and families, and $440 billion in assistance to businesses.

The plan is sweeping and proposes large-scale spending items such as $1,400 in additional stimulus checks, an extension for key unemployment benefits, a federal minimum wage increase, as well as $20 billion for a national vaccination program and $50 billion to scale up coronavirus testing. However, the proposal fails to provide specific details on relief to senior living communities, who have struggled to gain sufficient federal relief dollars and appropriate deployment of vaccines.

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