As the Republican-led Congress moves from its failed health reform effort to an attempt to restructure the U.S. tax code, the nation’s hospital industry is out with a new report defending its federal tax exemption.
The American Hospital Association says the “community benefit activities” of the nation’s hospitals and health systems “outweigh the value of their federal tax exemption by a favor of 11 to 1.” The analysis by Ernst and Young is based on 2013 data from community benefit and Medicare cost reports from nearly 3,000 nonprofit hospitals.
