Obamacare To Kill The Non-Profit Hospitals?
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bureaucrats,
fines,
internal revenue services,
IRS,
John Kartch,
legislations,
new standards,
non-profit,
Obama,
obamacare,
profit
Obamacare may kill the non-profit hospitals due to new legislations in place, requiring new standards for tax-exempt hospitals. The new provision under Section 501 of the Internal Revenue Code sets new standards of review and installs new financial penalties for the tax-exempt charitable hospitals. The penalties could be as high as $50,000 in fines. Currently, approximately 60 percent of American hospitals are non-profit. John Kartch, spokesman for Americans for Tax Reform speaks out on Obamacare overseeing IRS bureaucrats. “It requires... Continue Reading
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