A Proposal Relating to Certain Health Related 501c3 Bonds Hearing Before T

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A Proposal Relating to Certain Health Related 501c3 Bonds Hearing Before T
United States Congress House Committee On Ways
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I haven't heard enough yet, but it seems to me that we ought to think a little bit before we just make this wide open and lift the cap, because as often happens, we have unintended consequences of very noble intentions of the Congress. Perhaps we ought to re- visit the whole issue of tax-exempt bonds for hospitals.
I don't know of many hospitals that are adding beds today, even with the tax-exempt status for bonds, so I am not sure of that ex- istence of a no cap for tax-exempt bonds for hospit
...als. What it may very well do though, if we lift the cap, is drive the market in the way of the few 501(c)(3) organizations that are not able to exceed the cap today.
I am not sure that that is wise policy, particularly in an environ- ment when we are trying to slow the growth of health care costs in this country. We are about to take a step here that it seems to me just looking at it at first blush, anyway, would encourage more health care spending.
So I iust want us, before we get on this train and move it along, to think about the bigger context of health care expenditures gen- erally in this society and the fact that we are trying to slow those down.


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