In a desperate attempt to stimulate the economy, Barack Obama is throwing one billion in grants at the healthcare industry.
November 15, 2011- A one billion dollar grant program will be unveiled on Tuesday by the Obama Administration. The new program will give priority to those that train, deploy and hire new health care workers.
The program, the Health Care Innovation Challenge, sets out to find the best new ideas in order to deliver improved care, better health and at lower costs to those that are members of Medicaid, Medicare and the Children’s Health Insurance Program.
White House officials are promoting the program as part of their campaign of We Can’t Wait, hoping to pressure Republican members of Congress to back the new job’s program of the president.
Grants will be awarded in March to those applicants who implement new and compelling ideas to deliver a better health product, improved care and at a lower cost to those in need. The program will support the applicants that can start their program with a six-month period. In addition, those projects that implement a rapid hiring of a workforce will also receive priority.
The money awarded to projects will range between one million dollars and $30 million over the next three years. Each project granted monies would be monitored and evaluated for measurable improvements of the quality of care they provide and the savings that is generated.
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