Sunshine
Trust the pie.
- Dec 17, 2009
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Charitable hospitals that treat uninsured Americans will be subjected to new levels of scrutiny of their nonprofit status and could face sizable new fines under Obamacare.
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. Approximately 60 percent of American hospitals are currently nonprofit.
Its ironic isnt it? The lefts chief complaint about the American healthcare system is that its for profit, but Obamacare will end up forcing non-profit hospitals to either go under or become for-profit institutions themselves.
Poor Richard's News - Obamacare levies fines on non-profit hospitals that offer free healthcare to the poor
So I wonder where St. Jude, which is run entirely with donations, is going to fall out on this. Will charities be put out of their role helping the less fortunate?