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Bold Action Necessary to Recover from Coronavirus’ Economic Toll, Says Federal Reserve Bank of San Francisco President

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Photo of Federal Reserve Bank of San Francisco President Mary Daly courtesy the Commonwealth Club

June 16, 2020 — Mary Daly, president of the Federal Reserve Bank of San Francisco, said in a National Press Club live event on Monday that “bold action” was the only way to recover from the coronavirus’s economic impact.

Daly said that the passage of the CARES Act was an excellent step toward a hastened recovery. She also said that the Federal Reserve’s rate cuts played a crucial role in laying the groundwork for a return to normalcy.

“We… provided more direct lending to businesses and to state and local governments,” she said. “These actions have served to ease market pressures and ensure the smooth flow of funding and credit.”

However, she said that such actions would have to be sustained and consistent if employed in the future.

“One of the key lessons from history isn’t speed of action alone — it’s commitment to action,” she pointed out. “Whatever it takes over the long term is essential to ensuring a sustainable recovery.”

Daly urged policymakers to continue providing stimuli, adding that the Federal Reserve is not the only agency responsible for dealing with the nation’s monetary issues.

“We also need fiscal policymakers to commit to sustained investments in our economic future,” she said. “The need for this was evident before the crisis, and it’s even more evident [now].”

Daly also said that inclusivity in the allocation of funds was crucial, noting that lack of healthcare access as well as various structural barriers make it difficult for disadvantaged Americans to get ahead. The coronavirus offers a unique chance to fight this, she claimed.

“Inclusive growth is faster growth, and it will pay for itself in the long run,” she said.

Elijah Labby was a Reporter with Broadband Breakfast. He was born in Pittsburgh, Pennsylvania and now resides in Orlando, Florida. He studies political science at Seminole State College, and enjoys reading and writing fiction (but not for Broadband Breakfast).

Health

Telehealth Has Potential to Shift Medical Focus to Preventative Care and Wellness

Experts say continued investment in telehealth is necessary to improve care systems.

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John Halamka, David Rice, Angela Moore, Jeffrey Neal and Peter Ku

WASHINGTON, December 24, 2021 – Medical experts say continued investment in telehealth systems expanded during the coronavirus pandemic has the potential to improve medicine’s focus on preventative care and wellness.

However, some concern exists over what will happen to telehealth advances made during the pandemic should Congress fail to renew waivers that allowed telehealth provision in government-aligned health programs such as Medicare.

Experts discussed this current juncture in telehealth at a Federal Communications Bar Association event last week.

They remarked on just how quickly telehealth systems were able to grow in the past two years because of Congress’ waivers and the major impacts revoking these waivers could have for these systems and the access of many individuals to healthcare.

A discussed example of virtual medicine’s growth was observed “exponential” increases in new overall patient engagement at Veterans Affairs medical providers through telehealth during some of the deadliest phases of the pandemic.

During a Senate hearing in October, witnesses such as Deanna Larson, president of Avel eCARE, testified that regulatory flexibility from Congress is necessary to address telehealth access, as well as that broadband affordability issues often prevent access to telehealth.

Witnesses also raised that telehealth’s prevalence would increase emergency room bed availability during the pandemic

At the FCBA event, Miller Nash attorney David Rice emphasized that beyond giving medical access to individuals that face obstacles in traveling to medical facilities for treatment, telehealth is simply more convenient than in-person treatment for almost everyone and allows patients to fit medical appointment attendance more easily in their schedules.

In terms of challenges robust telehealth systems would face going forward, Mayo Clinic Platform President John Halamka cited potential licensure issues for providing care, and some argument existed between Rice and Jeffrey Neal, T-Mobile for Government’s national director of federal sales, over whether data privacy issues are likely to be a serious hindrance to virtual treatment.

On Monday, the Federal Communications Commission announced $42.7 million in awards from its COVID-19 Telehealth Program which supports continued care for patients by reimbursing them for telecommunications services, information services and connected devices.

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FCC Announces $43 Million in COVID-19 Telehealth Subsidies

The Federal Communication said the awards will help connect patients to critical health services during a new wave of Covid-19.

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WASHINGTON, December 22, 2021 – The Federal Communications Commission announced Monday over $42.7 million in awards from its COVID-19 Telehealth Program.

The agency approved 68 additional applications in a fifth announcement for the second round of the program, bringing the total approved to over $208 million for health care providers in each state, territory, and the District of Columbia.

The program supports the efforts of health care providers to continue serving their patients by providing reimbursement for telecommunications services, information services, and connected devices.

“As the impact of new variants continue to challenge our healthcare system, the FCC has worked diligently to review and approve funding commitments as part of our COVID-19 Telehealth Program,” said Chairwoman Jessica Rosenworcel.  “As we head into 2022, the ability to treat patients and loved ones from the safety of their home is of vital importance.”

Some of the biggest awards went to large health care providers such as the County of Los Angeles Department of Health, which received $1 million for the purchase of telehealth software, services, and equipment to deliver real-time video visits with patients.

Sinai Health System, a consortium of five hospitals in Chicago, Illinois, was awarded $1 million for the purchase of devices, such as laptops, tablets, and webcams, along with telehealth software. The award “will allow healthcare providers to offer remote care to vulnerable patients and reduce the risk of COVID-19 exposure,” said the FCC.

The awards also reimburse health care organizations for innovative ideas that connect patients to quality care with broadband. The Westchester County Health Care Corporation in Valhalla, New York, was awarded $1 million for the purchase of remote monitoring software and video equipment, which will allow for the creation of a “tele-ICU” for the provision of remote care for hospitalized patients.

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Ask Me Anything! Friday with Craig Settles, Community Telehealth Pioneer at 2:30 p.m. ET

Visit Broadband.Money to register for the Ask Me Anything! event on Friday, December 3, 2021, at 2:30 p.m. ET.

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Visit Broadband.Money to register for the Ask Me Anything! event on Friday, December 3, 2021, at 2:30 p.m. ET.

Craig’s tireless work has helped transform the last mile of broadband in the U.S., through his influence among national, state, and corporate decision makers, and his on-the-ground work building community broadband coalitions. Broadband Breakfast Editor and Publisher Drew Clark will interview Craig Settles in this Broadband.Money Ask Me Anything!

Read the Broadband.Money profile of Craig Settles

About Our Distinguished Guest

Saved from a stroke by telehealth, Craig Settles pays it forward by uniting community broadband teams and healthcare stakeholders through telehealth projects that transform healthcare delivery.

Mr. Settles conducts needs analyses with community stakeholders who want broadband networks and/or telehealth to improve economic development, healthcare, education and local government. Mr. Settles’ needs analyses opens up additional opportunities to raise money for networks, as well as increase the financial sustainability of your network. He’s been doing this work since 2006.

A community telehealth champion

Mr. Settles views telehealth as the “Killer App” that can close the digital divide because everyone experiences illness or cares for someone who is ill. Every home that telehealth touches must have good broadband. Telehealth technology and broadband in the home provide avenues for other home-based technology services that can improve quality of life, such as companion distance-learning apps, a home business app, and home entertainment apps.

He authored Fighting the Good Fight for Municipal Wireless in 2005, and since then, Mr. Settles has provided community broadband consulting services. His public-sector client list includes Ottumwa, IA, Riverside, Benicia and Glendale, CA and the State of California. Calix, Ciena and Juniper Networks are among those on his private sector client list. In addition, he has testified for the FCC and on Capital Hill.

Craig around the web

Mr. Settles hosts the radio talk show Gigabit Nation, His in-depth analysis reports are valuable resources for community broadband project teams and stakeholders. Building the Gigabit City, Mr. Settles’ blog, further showcases his expertise in this area.

Follow Mr. Settles on Twitter and LinkedIn.

Mr. Settles is frequently called upon as a municipal broadband expert for journalists at CNN, the Wall Street Journal, New York Times, Time Magazine and a host of business, technology and local media outlets. He has spoken at various conferences in the U.S, Europe, South America, Australia and Asia.


About Ask Me Anything! (AMA)

AMA invites broadband industry leaders from all corners to share their knowledge and perspectives with our community.

The format is simple:

  1. A one hour live webinar with our distinguished guest
  2. Interactive questions from attendees in the comments below this post
    • See a question you also wonder about? “Like” it to upvote it
    • Have more questions? Add them as comments to this post.
  3. Our guest will answer as many questions as time permits, in order of upvotes
    • A community moderator will paraphrase our guest’s answers and post as reply
    • Want to weigh in with your perspective? You’re welcome to share your replies!

Please be respectful of our distinguished guest. It’s okay to disagree, but thank you for being kind. Trolls will be banned.

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