Montana’s Tax-Exempt Hospitals Oppose Increased Oversight by State Officials
More than half of acute care hospitals in the United States are nonprofit hospitals, which must record community benefits — such as covering a patient’s bill or offering mental health services at a loss — with the IRS for their tax exemptions. But federal rules around how hospitals tally charitable acts are broad, with oversight lacking. Pressure for more transparency has mounted as about 6 in 10 adults in the U.S. with household incomes below $40,000 have medical debt, and altogether Americans owe an estimated $195 billion or more.
SOURCE: Montana Tax-Exempt Hospitals Oppose Increased Oversight | Best States | U.S. News (usnews.com)
