- Nonprofit hospitals in the U.S. spent less on their communities than they received in tax breaks, resulting in a "fair share deficit" for what are ostensibly charitable organizations, according to a new report.
- A hospital index report from the nonprofit Lown Instituteopens in a new tab or window found that 77% of the 1,773 nonprofit hospitals analyzed spent less on charity care and community investment than the estimated value of their tax breaks in 2020.
- With the equivalent of $14.2 billion in these "fair share deficits," 18 million Americans could have their medical debt cleared, and more than 600 rural hospitals at risk of closure could stay open.
https://www.medpagetoday.com/special-reports/features/103950