HHS cancelling ventilator contracts, says stockpile is full

[JacksinPA]

HHS cancelling ventilator contracts, says stockpile is full

WASHINGTON (AP) — The Trump administration announced Tuesday it is canceling some of its remaining orders for ventilators, after rushing to sign nearly $3 billion in emergency contracts as the COVID-19 pandemic surged in the spring.

The Department of Health and Human Services issued a statement affirming that the national stockpile has now reached its maximum capacity for the life-saving breathing machines, with nearly 120,000 available for deployment to state and local health officials if need. Though the orders were billed as a cost-saving measure, Democrats said the cancellations show the White House vastly overspent in its quest to fulfill President Donald Trump’s pledge to make the United States the “King of Ventilators.”
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This is probably what you can expect from the government. All this money they are printing to pay for these programs ks rapidly making the dollar worth less & less.

 

[Rexedgar]

HHS cancelling ventilator contracts, says stockpile is full

WASHINGTON (AP) — The Trump administration announced Tuesday it is canceling some of its remaining orders for ventilators, after rushing to sign nearly $3 billion in emergency contracts as the COVID-19 pandemic surged in the spring.

The Department of Health and Human Services issued a statement affirming that the national stockpile has now reached its maximum capacity for the life-saving breathing machines, with nearly 120,000 available for deployment to state and local health officials if need. Though the orders were billed as a cost-saving measure, Democrats said the cancellations show the White House vastly overspent in its quest to fulfill President Donald Trump’s pledge to make the United States the “King of Ventilators.”
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This is probably what you can expect from the government. All this money they are printing to pay for these programs ks rapidly making the dollar worth less & less.

Navarro getting out of his lane again. He was involved in the now questionable Eastman-Kodak “loan.”


House panel opens probe of Navarro over $646M ventilator contract cancellation | TheHill


“Under the management of Peter Navarro, Senior Advisor to President Trump, the administration was taken advantage of by Philips Respironics when negotiating the price of life-saving ventilators,"

 

[Chomsky]

Haven't been following, but on the surface this would seem to be good news.

 

[OrphanSlug]

Unsure why this is bad news, the idea of the contract was stockpile / use fulfillment and I am not seeing much in the news saying there is a run on the stockpile.

(Perhaps there is and it has not bubbled up yet.)