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Report Ignores True Value of Chicago Hospitals
Date:4/10/2009

and our most vulnerable populations - the poor, the disabled, the young, the elderly and a growing number of middle class residents. Unlike other businesses, a hospital treats every patient who comes to the emergency room and then discusses how they can pay for that care.
  • Contrary to CTBA's conclusion, the report actually demonstrates that hospitals are entitled to their tax exempt status. If you include Medicaid shortfall for the hospitals studied in this report (IHA estimate: $315 million), along with charity care ($175 million) and 50 percent of bad debt at cost ($109 million), that total amount of $600 million greatly exceeds the tax-exempt value of the hospitals as estimated in this report ($445 million). If a more realistic estimate of the potential tax liability is used ($228 million), the case in support of hospitals' tax exempt status is even stronger as shown in the graph below.

  • Comparison A: The CTBA report states that half of the bad debt cost they identify is really charity care and Comparison A reflects that position.

    Comparison B reflects CTBA's inflated tax estimate of $445.7 million, but takes into account the Medicaid shortfall of $314.8 million, which even the IRS considers an appropriate component of unreimbursed care to the poor and needy, for a total value of charity, half of bad debt cost and Medicaid shortfalls of $600 million.

    Comparison C is the correct comparison that shows IHA's revised estimate of taxes of only $227.9 million and utilizes more recent measures of charity, half of bad debt cost and Medicaid shortfall for a total of $629.7 million provided.

    [Note to Chart: The IHA estimated property tax utilizes CTBA estimate reduced by 50% to reflect an average property tax liability of 1%. The sales tax estimate uses the CTBA estimate redu
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    SOURCE Illinois Hospital Association
    Copyright©2009 PR Newswire.
    All rights reserved

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