Thursday, March 18, 2010

Hospitals Not Giving Enough Charity?

The state Supreme Court ruled Thursday that an Urbana hospital doesn't provide enough charitable services to qualify for a property tax exemption, a decision hospitals in Illinois worry could lead local governments to try to overturn other exemptions in a hunt for badly needed cash.

National hospital groups said they, too, were reviewing the decision. Nonprofit hospitals around the country face similar tax challenges as critics accuse them of operating largely the same as for-profit hospitals.

This article relates to economics because these days, everybody is looking to get as much money from the gov as they can. Charitble donations and events are usually a good way to get tax refunds however i think the hospital is not getting theirs because the demand for refunds is high but the supply is low so they are not counting hospitals because the workers are paid. Hospitals provide alot of care aside from what they are paid for and they are one of the most important parts of our society. If it were up to me, hospitals would get whatever they please.

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