(Bloomberg) — Bridgewater Associates founder Ray Dalio is giving $50 million to New York-Presbyterian Hospital to fund a center dedicated to health equity and justice, at a time when the Covid pandemic has underlined the stark racial disparities in the U.S.
The Dalio Center for Health Justice, a research and advocacy organization, will focus on reducing differences in access to quality health care that overwhelmingly affect communities of color, New York-Presbyterian and Dalio Philanthropies said in a statement.
The hospitalization rate from Covid among Black and Hispanic individuals has outnumbered that of Whites and non-Hispanics by a factor of at least 4.6, according to data from the Centers for Disease Control and Prevention. The death rate of Blacks has been more than twice that of Whites.
“Access to equal health care and equal education are fundamental requirements of a