Many nonprofit hospitals in the United States are not performing enough charitable care to justify the billions of dollars of tax breaks they receive.
Many non-profit hospitals in the United States are not performing enough charitable care to justify the billions of dollars of tax breaks they receive.
Decades ago, the federal government created rules excepting non-profit hospitals from many taxes. At the time, most hospitals in the U.S. were charitable organizations, the majority of their patients unable to pay for the services they received. At that time, hospitals relied upon philanthropy—the support of religious organizations or the generosity of individual donors—to balance their budgets. They relied upon tax breaks, too.
Then after World War II, an increasing number of Americans gained health care coverage. Now, hospitals were receiving an increasing proportion of their income from paying customers. Nevertheless, neither local nor federal governments pulled back their tax breaks. Fast forward to today: many wealthy non-profit hospitals provide surprisingly little charitable care. At least that's the conclusion I came to after reading led by Ge Bai from Johns Hopkins University. For every $100 of overall expenditures, non-profit hospitals wrote off only $2 of charitable care. For context, for-profit hospitals wrote off around $4 of care.
Tax breaks to non-profit hospitals exceed $25 billion a year. If such hospitals aren't helping out the neediest Americans anymore, or offer such assistance only rarely, then it's time to start scaling back tax breaks.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Time To Take Tax Breaks Away From Non-Profit HospitalsMany nonprofit hospitals in the United States are not performing enough charitable care to justify the billions of dollars of tax breaks they receive.
Les mer »
City Launches 'Philadelphia Tax Center' Website Just In Time For Tax SeasonIf you're filing business taxes in Philadelphia, the city is using a new website. The Philadelphia Tax Center is up and running online.
Les mer »
Time To Take Tax Breaks Away From Non-Profit HospitalsMany nonprofit hospitals in the United States are not performing enough charitable care to justify the billions of dollars of tax breaks they receive.
Les mer »
The game has changed for dividend investors, so time to buy these stocks, Bernstein saysThe traditional relationship between interest rates and dividend stocks hasn't played out in recent weeks.
Les mer »
Will the Oscars Make Olivia Colman the Next Two-Time Lead Actress Winner?Olivia Colman plays Leda in “The Lost Daughter” like a consummate pro, and her portrayal of a college professor on holiday in Greece, who reveals herself to be “an unnatural mothe…
Les mer »
Oxford High School students return to building for first time since November shootingCounselors and mental health resources will be available as students and staff continue to heal from the shooting.
Les mer »