CONGRESSIONAL BUDGET OFFICE: … “The various tax exemptions provided to nonprofit hospitals have come under scrutiny by policymakers, with the central concern being whether those hospitals provide community benefits that justify forgone government tax revenues….
When regression techniques were used to adjust for the hospitals’ size and location and for the characteristics of the local populations, nonprofit hospitals were estimated to have an average uncompensated care share that was 0.6 percentage points higher than that for otherwise similar for-profit hospitals.” … (more)
EDITOR: Lancaster General Hospital, a Not For Profit Public Charity, is a sacred cow here in Lancaster, despite its lack of transparency, unrepresentative leadership, failure to share its vast profits with other worthy charitable organizations, and conceivably illegal expenditure of its earnings.
A big question is whether the community would be better off if it became ‘for profit’ and thus stripped of its tax exempt status.
