Congress returns from its summer break with a far-reaching agenda that includes raising the debt ceiling, reforming the tax code, and potentially revisiting health reform. The health care industry as a whole faces economic and regulatory uncertainty as Congress tackles its to-do list. Charitable hospitals find themselves particularly vulnerable in this legislative season as questions resurface about whether these hospitals do enough to justify the tax breaks and other benefits they enjoy. Charitable hospitals should pay close attention to these questions, demonstrate their compliance with existing regulatory requirements, and advocate for the vital role they play in their communities. Ignoring these questions could make it easier for Congress, the Internal Revenue Service (IRS), or other agencies to change tax-exemption standards, restrict the 340B Drug Pricing Program, or cut Medicaid funding.
The views set forth in this article are those of Mr. Jackson and do not reflect the views of King & Spalding LLP.
Attorneys: Travis Jackson (King & Spalding LLP).
MainStory: StrategicPerspectives NewsFeed 340BNews InpatientFacilityNews TaxExemptionNews FedTracker HealthCare Tax TrumpAdministrationNews
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