News Headlines Article

Health Care Reform Could Be Taxing for Hospitals
California Healthline

While the new health reform law maintains the tax code for hospitals, provisions expanding health insurance could reduce hospitals’ charity care costs and put their tax-exempt statuses in jeopardy.

Federal and local governments classify nearly 3,000 U.S. hospitals as not-for-profit, a status that generally allows such facilities to receive tax exemptions in exchange for providing “community benefit,” such as no-cost care.