Local hospitals’ community-benefits spending falls millions short of their tax benefits, report finds
Abstract: "There's been an assumption that these hospitals that don't pay taxes are spared the taxes because they provide a community benefit," said Dr. Vikas Saini, president of the Lown Institute. The institute's analysis shows that is not necessarily the case, Saini said. Nearly three-quarters of private nonprofit hospitals nationwide spent less on community benefits than they received in tax breaks. That translated into a total deficit of $17 billion. The rate was even higher in New York City, where 33 of 40 private hospitals spent less than they got in tax breaks, the institute's analysis found.