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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.
Failure to comply, or to prove this continuing need, could result in the loss of the hospital’s tax-exempt status.
That's 20 billion that GOES TO THE GOVERNMENT IN TAXES, that they are now AVOIDING by being 'non-profit.'
The IRS originally defined community benefit to mean spending 3% of operating revenue to take care of patients who couldn’t pay. Over time, being tax-exempt became a good deal. If you count all the sales, property, and income taxes that nonprofit hospitals avoid paying it would total $20 billion.
Many hospitals already do not take care of enough uninsured patients. The GAO found that in California in 2005–which exemplified national trends–nonprofit hospitals only spent 3.5% of their expenses on average on uncompensated care for the uninsured. That means many were below the line. Ironically, for-profit hospitals spent 3.2%.
When 30 million more people get insurance from ObamaCare, those numbers will fall. And tax-exempt status could be threatened.
• American making less than $45,960 as individual or $94,200 as a family of 4 may be eligible for premium tax credits through the marketplace. Tax credits subsidize insurance premium costs.
• If you are able to get qualified health insurance through your employer you won’t be able to receive marketplace tax credits unless the employer doesn’t cover at least 60% of your premium cost, doesn’t provide quality insurance or provides insurance that exceeds 9.5% of your families income.
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.
ProfessorChaos
It amazes me that the average citizen can't see that Obamacare is an oxymoron.
In all honesty, with such imbeciles populating our country, we're doomed. There's no way to fix this that doesn't involve a tidal wave of blood and loss.
Elections can be, and often are, rigged.
Representatives do not represent those that they are elected to.
The vast majority of people are mindless zombies, wandering the Earth on preset paths, with their eyes and minds lost in handheld electronic gadgets, completely unaware of the world around them.
The media works overtime to maintain the status quo in an overtly obvious manner, yet are not held accountable for it.
The police forces are arming themselves with weapons of war.
I realize that I sound like a doom porn addict, but seriously, how long can this go on before the cup overflows and spills out all over the table?
People are losing their jobs and having their hours cut so that smaller companies won't lose money to the provisions of this piece of crud bill.While the large companies have been exempted just as congress has.No wonder they have no interest in getting rid of this very bad bill.
REPEATED CLAIMS
We also heard some claims that we have debunked before, including these:
Cruz repeated the false claim that members of Congress are exempt from the health care law.
As we have written numerous times, the law requires congressional members and their staffs to get insurance through the newly created exchanges, so they are not exempt. In fact, the law prevents them from getting insurance through the Federal Employees Health Benefits Program, like other federal employees. However, the federal government, will continue to make contributions toward the premiums of lawmakers and their staffs — just as most large employers do for their employees.
Cruz said, "Obamacare has a philosophy: empower government over your life, put a government bureaucrat between you and your doctor." But, as we've said, the law doesn't create a government-run system. If anything, the law comes between you and your insurance company, forbidding them from capping your coverage or charging you more based on health status.
In the case of wildtimes (the poster above), I would hope that his/her statements are due to confusion created by the MSM, rather than being the willful dissemination of misinformation.
The executive branch and their staffers have their premiums subsidized by their employer, while the rest of America does not.
Incorrect libel and disinfo AGAIN.
I myself have had more than one employer who paid the ENTIRE medical insurance premium. And those that did not paid at least PART of it.
You are lying, and you are out of line. Show us some UNDISPUTED sources for your blatant hatred and labelling of this law as a "monstrosity." I'm fine with you not liking Obama...I, too, am disgusted with him, but you spreading this kind of nonsense is disingenuous.
There was SOME noise made that SOME members of Congress WANTED to exempt themselves, but it is not the law as of now. NOR are giant corporations exempt. STOP with the disinfo....
or PROVE that the info I posted is incorrect.
edit on 9/29/13 by wildtimes because: most of the post didn't show up???
edit on 9/29/13 by wildtimes because: (no reason given)
gladtobehere
Obamacare installs new scrutiny, fines for charitable hospitals that treat uninsured people.
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.
So 60% of hospitals provide either "pay what you can afford" care or free care.
Not anymore.
Failure to comply, or to prove this continuing need, could result in the loss of the hospital’s tax-exempt status.
So lets review.
People who are not below the poverty line but are struggling to survive, now have to buy healthcare. But what if they cant afford to make the health care companies richer? Then our all loving government will impose a financial penalty.
People will have to suffer through the lesser of two evils: be forced to buy something they cant afford or bribe the government to leave them alone.
Many will "choose" to bribe the government because it will be the cheapest option. But it will also mean that they still wont have health insurance.
What happens if they get injured or need help? Well, they'll die or suffer, because 60% of hospitals which used to be not for profit, will no longer help them.
This is a recipe for disaster.