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Advocate Health Care's net revenues in excess of expenses for 2007 were $260 million. For the tax breaks they get, shouldn't nonprofit hospitals take on a much bigger share of caring for the poor and the uninsured?
'Legal patient dumping' at local hospitals
illinillinois.blogspot.com - 31 weeks ago - 271 views
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Update: The Center for Tax and Budget Accountability http://www.ctbaonline.org/ reports in a new study on nonprofits:
"The Hospitals Studied receive annual tax breaks worth nearly three times the cost of charity care provided. The most recent annual value of all tax exemptions granted to the non-profit Hospitals Studied is estimated to be $489.5 million, while the cost of the charity care provided by those Hospitals
was $175.7 million.
"The amount of the excess tax benefit (the amount by which the value of the tax breaks exceeds the charity care provided) received by the Hospitals Studied – $327.2 million – would cover the cost of providing charity care to an additional 47,836 low-income, uninsured patients based on the
national average cost of a hospital discharge."
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