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Some U.S. nonprofit hospitals spend less on charity care than they receive in tax breaks --study
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Some U.S. nonprofit hospitals spend less on charity care than they receive in tax breaks --study
Wed, 2024-03-27 10:34 — mike kraft Some nonprofit hospitals spend less on charity care than they receive in tax breaks, new analysis shows A new study found 80% of 2,425 nonprofit hospitals spent less on charity care and community investment than they got in estimated tax breaks. STAT
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One major benefit of being a nonprofit hospital is receiving tax exemptions on property taxes, income taxes, and sales taxes. Experts told STAT that implies a “social contract” with taxpayers, where these hospitals will help take care of the most vulnerable. But according to a new study, 80% of 2,425 nonprofit hospitals spent less on charity care and community investment than they got in estimated tax breaks.
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