From The New American.com (Oct. 9):
President Obama’s healthcare law is full of increased costs to taxpayers, in the form of taxes, higher premiums, and of course, fines. In fact, the healthcare law may punish charitable hospitals for treating uninsured Americans by issuing large fines to those institutions that continue to provide treatment to uninsured Americans.
The Daily Caller reported, “A new provision in Section 501 of the Internal Revenue Code, which takes effect under Obamacare, sets new standards of review and installs new financial penalties for tax-exempt charitable hospitals, which devote a minimum amount of their expenses to treat uninsured poor people.”
With approximately 60 percent of American hospitals classified as nonprofit, this can prove to be a substantial amount of money in penalties. Hospitals that fail to meet the new standards could face fines upwards of $50,000.
John Kartch of the Americans for Tax Reform added that the law requires tax-exempt hospitals to regularly prove that they are necessary by filing paperwork with the IRS.
“It requires tax-exempt hospitals to do a community needs survey and file additional paperwork with the IRS every three years. This is to prove that the charitable hospital is still needed in their geographical area — ‘needed’ as defined by Obamacare and overseen by IRS bureaucrats,” said Kartch.
“Failure to comply, or to prove this continuing need, could result in the loss of the hospital’s tax-exempt status. The hospital would then become a for-profit venture, paying income tax — hence the positive revenue score” for the federal government, Kartch said. “Obamacare advocates turned over every rock to find as much tax money as possible.”
So, much for caring for the poor. Then again The Left believes that’s the gov’ts responsibility anyway. Can’t have non-profits and charities doing that.
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