Payment of 164.9 Billion KRW in COVID-19 Loss Compensation to Medical Institutions in August

On the 17th, when 621,328 new COVID-19 cases were reported, visitors at a clinic in Seoul were waiting to take rapid antigen tests. Photo by Jin-Hyung Kang aymsdream@

[Asia Economy Reporter Jo In-kyung] The Central Accident Response Headquarters of the Ministry of Health and Welfare announced on the 26th that it will pay a total of 164.9 billion KRW in loss compensation for August to medical institutions treating COVID-19 patients.

The Central Accident Response Headquarters conducted a review and resolution by the Loss Compensation Deliberation Committee under the Infectious Disease Control and Prevention Act on the 24th, and plans to pay the 164.9 billion KRW loss compensation on the 31st.

A total of 156.9 billion KRW in loss compensation will be provided in the form of provisional payments to 182 medical institutions treating COVID-19 patients, including infectious disease-dedicated hospitals. Provisional payments are partial payments of estimated losses made before the final loss amount is confirmed. Since April 2020, the government has been paying loss compensation monthly in provisional payment form to quickly compensate COVID-19 treatment medical institutions.

156.4 billion KRW will be supported to 173 treatment medical institutions such as infectious disease-dedicated hospitals, and 0.5 billion KRW to 9 hospitals operating screening clinics.

A total of 8 billion KRW in loss compensation will be paid to 878 institutions, including medical institutions, pharmacies, and general businesses that complied with government or local government orders for closure, suspension of operations, or disinfection due to COVID-19 response.

7.124 billion KRW will be paid to 206 medical institutions, 23 million KRW to 30 pharmacies, 290 million KRW to 549 general businesses, and 640 million KRW to 93 social welfare facilities.

Applications for COVID-19 loss compensation can be made by contacting the Health Insurance Review and Assessment Service (for treatment medical institutions) or the local city, county, or district office or public health center (for institutions complying with closure, suspension, or disinfection orders).

This content was produced with the assistance of AI translation services.