Mayo's Millions in Bailout Funds

KIMT News 3's Isabella Basco reached out to Mayo Clinic to find out where all the money is going

For joining us for kimt news 3 at 10?

"*i'm george mallet.

First tonight healthcare giant mayo clinic furloughed more than 20?

"* thousand employees due to the coronavirus pandemic.

But the healthcare giant also has millions of dollars in bailout funds and months of cash in reserve.

Kimt news 3's isabella basco is finding out how employees have been impacted and what rochester residents think of the hospital's priorities.

Isabella?

According to data compiled by good jobs first ?

"* which researches what companies do with government money ?

"* mayo clinic got around 170?

"* millin dollars in bailout funds and has 8 months of cash in reserve.

I talked to employees and residents about the furloughs and all that cash.

Xxx "it is a large amount."

Tyrel clark is among the many mayo clinic employees furloughed as a result of this ongoing pandemic.

"personally in my family it's just explained to the kids, watching the budget during those times.

You really have to pay attention to that stuff.

It's a new experience, a new experience i never thought i'd be in and probably that's the same for a lot of people."

Rochester resident rick morris makes no attempt to mask his anger.

He wonders aloud where all the federal cash is going.

"what is happening to this money?

If there are 8 months of cash on hand, plus 170 million.

Almost 200 million dollars added on top of that, why are employees being asked to take time off now?"

He believes the healthcare giant is failing to live up to its motto of putting the needs of the patient first.

"i think this withdrawal of the mayo clinic from taking care of the community and instead focusing on the global elites flying to medical destinations, shutting down clinics that serve rural populations, outsourcing lowest paid workers just speaks to a sense of being ruled more by the dollar."

As employees wait to get i did reach out to mayo clinic to see if i could interview or get a statement from the ceo about where the money is going and how much leaders are getting paid but they did not give a comment.

Live in rochester ib kimt news 3.

Thank you isabella.

We do know with the furloughs... the mayo clinic ceo and chief accounting officer took a 20 percent