Monday, February 06, 2006

Pantagraph.com - Opinion

Pantagraph.com - Opinion: "How much charity care is enough?
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A bill that threatens the non-profit status of hospitals not providing sufficient care for uninsured or poor patients is being offered by Illinois Attorney General Lisa Madigan.

The bill says nonprofit hospitals must provide at least 8 percent of their total operating costs to such charity care. Hospitals can't opt out. By law, they are required to accept charity-care patients in exchange for a tax-exempt status. Tax-exempt reduces the taxes paid to government on income, non-revenue producing property and sales. It also allows hospitals to use tax-exempt bonds to finance capital projects, such as buildings."

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