CVS Returning $43 Million In Coronavirus Funding

CVS received federal coronavirus relief funds automatically from the US Department of Health and Human Services, as part of the $175 billion CARES Act Provider Relief Fund. CVS President and CEO Larry Merlo stated that the company did not request these funds and has decided to return them, hoping they will aid other healthcare providers in need. CVS has been proactive during the pandemic, keeping nearly 10,000 stores open and planning to establish 1,000 additional COVID-19 testing sites by the end of May.

What was the source of the funds automatically sent to CVS?

• The World Health Organization

• The Federal Reserve

• The US Department of Health and Human Services

• The Centers for Disease Control and Prevention

Why did CVS decide to return the funds it received?

• To avoid financial scrutiny

• To help other healthcare providers in need

• To invest in new stores

• To comply with a government mandate

What is part of CVS Health's overall plan during the pandemic?

• To support communities they serve

• To expand their product line

• To close stores temporarily

• To increase prices on health products

How many additional COVID-19 testing sites did CVS plan to open by the end of May?

• 500

• 1000

• 2000

• 1500

What was the operational status of CVS stores during the coronavirus lockdowns?

• Nearly all stores remained open

• Only a few stores remained open

• All stores were closed

• Stores operated on reduced hours