PPP Loans Went to Comp Insurance Companies, Top Law Firms, PBMs and More

Like nearly 5 million other businesses around the country, hundreds of workers’ compensation organizations have received low-interest and forgivable loans through the federal government’s Paycheck Protection Program. Critics have charged that the $600 billion program was meant to sustain small businesses during the nationwide coronavirus crisis, but that many of the loans went to wealthy companies while smaller firms were left out. A check of the Small Business Administration’s database, available on the SBA website, shows that recipients of the loans include some...