How nonprofit hospitals get away with the biggest rip off in America

All across the nation, cities big and small are having their pockets picked and their communities decimated by their local nonprofit hospitals.

How so? Nearly two-thirds of our nation’s 5,000 hospitals, or around 3,900, call themselves nonprofit, a designation that allows them to avoid paying taxes. Unlike for-profit companies, including for-profit hospitals, nonprofit hospitals pay no taxes. They pay no property tax, no state or federal income tax, and no sales tax.

In exchange, these charitable organizations are supposed to plough what they would have paid in taxes back into the community, largely by way of lowering healthcare costs or providing free care for those who can’t otherwise afford it.

But that’s not what happens.                                                                                            

Instead, those would-be tax dollars go into seven-figure executive salaries, boondoggle retreats, extravagant galas, private jets, billboard ads, skyboxes, offshore bank accounts, and to fund special interest lobbyists whose job it is to make sure Congress keeps the sweet deal the way it is.

Meanwhile, these same “charitable” institutions send patients struggling to pay high medical bills to collections and put liens on their houses.

America, we are being scammed.

“It’s the biggest abuse of the U.S. tax code by far,” said Tom Thomas, a Florida CPA, and founder of the Association of Independent Doctors, a national trade association working to stop the injustice.

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