The Dallas News shared a recent report on area nonprofit hospitals facing scrutiny over their tax-exempt status.
Nonprofit hospitals like Baylor Scott & White and Texas Health Resources created almost half the pretax income in the Dallas-Fort Worth market in 2017. Their joint total was $1.1 billion and includes investment gains, philanthropy and government grants.
Combined with other health care institutions in north Texas, nonprofit hospitals had almost 70% of the area’s pretax income according to analyst data yet they don’t have to pay most taxes. Exemptions include property, sales and federal income taxes.
The benefit to the community includes charity care for the indigent and uninsured and by absorbing other medical costs not covered by Medicaid as well as sponsoring medical residencies for new doctors and research investments.
