• Stephen Lecce, MPP

Ontario Supporting Hospitals with Additional Funding During COVID-19

March 22, 2021

SCARBOROUGH — The Ontario government is providing over $1.2 billion to help Ontario's public hospitals recover from financial pressures created and worsened by COVID-19. This investment will ensure hospitals can continue to provide the high-quality patient care Ontarians need and deserve. Details were provided today by Premier Doug Ford, Christine Elliott, Deputy Premier and Minister of Health, and Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board. "Hospitals have been at the centre of the pandemic from day one providing excellent care for our sick and vulnerable, and responding to the various outbreaks without hesitation," said Premier Ford. "Clearly, this additional care comes at a cost, so as a government we must step up and support them. We need to ensure that our hospitals remain viable and are there for people long after COVID-19 has been beaten." To ensure Ontario's hospitals remain on stable financial footing at a critical time, $696.6 million in funding will be allocated to help cover historic working funds deficits for qualifying public hospitals, with a focus on small, medium as well as specialty and rehabilitation hospitals that carry a large fiscal strain due to their unique situations and historical funding challenges. As a result of the COVID-19 pandemic, all hospitals have felt financial challenges not only through direct costs, but also through the loss of other forms of revenue such as co-payments for private rooms and the reduction of retail services, all of which contribute to patient care and support clinical services. In order to help address these fiscal challenges the province is setting aside $572.3 million to reimburse qualifying portions of these losses. "Ontario's hospitals have been on the frontlines of the COVID-19 pandemic and our government is using every tool at our disposal to support them during these unprecedented times," said Christine Elliott, Deputy P