Not-for-profit hospitals aresupposed to help taxpayers by providing free or discounted care forthose most in need—but that's not happening.
The top not-for-profit hospitals by quartile performance areproviding disproportionately less charity care to the public thanhospitals that perform worsefinancially, according an analysis of 2,563 ofnot-for-profit hospitals published in JAMA.
As reported by Modern Healthcare, the study foundthat hospitals exempt from income, property and sales taxes broughtin $47.9 billion in net income in 2017. They provided charity carefor the uninsured totaling $9.7 billion, and $4.5 billion for theinsured who couldn't pay their bills and deductibles withouthelp.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
