Healthcare Innovation October 4, 2024
EY report shows a $9 increase in benefits from the prior year
The American Hospital Association (AHA) announced on September 24 that tax-exempt hospitals and health systems delivered $10 in benefits for every dollar of federal tax exemption in 2020. This was based on findings from an EY report prepared for AHA and represents an increase from $9 in benefits from the prior year despite the pandemic.
According to the report, the estimated federal tax revenue forgone in 2020 due to tax-exempt status was $13.3 billion. “In comparison,...
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