Nearly 2/3 of all U.S. hospitals are nonprofit, meaning they pay no taxes
- In exchange for not ploughing tax dollars back into their communities like every other tax-paying entity, nonprofit hospitals are supposed to grant a commensurate amount of benefit, much in the way of charitable care
- Instead, they channel those funds into exorbitant executive salaries, and cathedral-like hospital towers bedecked with museum-worthy art collections
- 100 million Americans owe more than $5,000 in medical debt, yet while patients are drowning in debt, hospitals keep getting richer
The healthcare industry has profited excessively by keeping their prices hidden
- Despite a federal law that requires hospitals to show their prices, few are complying
- They continue to operate in the dark, creating a perfect breeding ground for price gouging
- Hospitals' predatory payment strategies, their abuse of the tax-exempt status, and their flouting of the price transparency law are unconscionable, and borderline criminal
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