Charity with an arm twist. Senate hearing starts the ball rolling on tougher community benefits standard, greater federal oversight of not-for-profits.
A Senate hearing last week helped boost not-for-profit hospitals' chances of facing a new standard for reporting community benefits. At stake for hospitals are billions in tax breaks. The standard for exemption hasn't been modified since 1969, and "has not kept up with the substantial unfunded health needs of communities," says Nancy Kane, right, a member of MedPAC.
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D000066:Accounting; D002410:Catholicism; D002608:Charities / Q000191:economics*; D003159:Community-Institutional Relations / Q000191:economics*; D005375:Financial Audit; D017408:Guidelines as Topic; D016519:Hospitals, Religious / Q000191:economics / Q000331:legislation & jurisprudence; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D011057:Politics; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States