Wednesday, August 31, 2011

Illinois Forces Hospitals To Pay Property Tax--Is For-Profit Conversion Next? - Yahoo! News

Forbes on Illinois's Tax decision to revoke not-profit status on three Hospitals: Illinois Forces Hospitals To Pay Property Tax--Is For-Profit Conversion Next? - Yahoo! News:

One take away,
When a state can arbitrarily decide which hospitals are exempt from taxes and which are not, it's exercising power that can be easily abused. Illinois, already one of the two or three most corrupt states in the country, has a tawdry history of granting Certificates of Need to politically well-connected health-care entities. That resulted in a pay-to-play scandal that helped bring down the governor. Unless there's a transparent process to decide which hospitals are more like businesses and which are more like charities, look for political shenanigans to govern this process as well. And Illinois' streak of former governors landing in prison could continue.
Go read the whole thing for the rest. Sensible thing from the provider's prospective may be for more Ho to turn into for profits.

1 comment:

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