Saturday, November 2, 2013

ObamaCare To Slam Boston Marathon Charity Hospital?

The nonprofit hospital that treated the final victim of the Boston Marathon bombing attack will have its tax-exempt status reviewed under Obamacare and could face hefty fines and other penalties.

Boston’s Spaulding Rehabilitation Hospital, which treated amputee Marc Fucarile as he recovered from the loss of his leg in the April 15 terrorist attack, is run by a nonprofit 501(c)3 hospital network that will be subject to new scrutiny of its tax-exempt status and potentially massive 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. To be tax-exempt, hospitals have to devote a certain minimum amount of their expenses to treat uninsured poor people.

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