The country is facing an unprecedented health and economic emergency due to COVID-19.
Late Wednesday, March 25, the U.S. Senate passed the third legislative package – known as the CARES Act – that has been developed to respond to the economic crisis created by the coronavirus pandemic. This nearly $2 trillion “wartime” stimulus is intended to protect employers, workers and businesses.
CDA is extremely pleased that this Phase 3 legislation appears to give dentists more of the kind of support they need to maintain their practices and protect themselves and their employees. A major focus is not just short-term relief but ensuring that dental offices will be able and ready to get up and running treating patients and addressing delayed dental needs once shelter-in-place restrictions are lifted and dentists can begin treating patients safely. The bill is known as the Coronavirus Aid, Relief and Economic Security Act (HR 748) and still needs to be approved by the House and signed into law by President Donald Trump.
This legislation is a step in the right direction to help mitigate the unprecedented and devastating economic damages created by this crisis, but CDA does not expect this to be a panacea or even the final relief effort as the impact of this shutdown may be felt for many months.