Nonprofit hospitals’ huge tax breaks under increasing scrutiny

St. Louis Post-Dispatch, October 24, 2011

BJC Healthcare, which operates Barnes-Jewish Hospital and a dozen others in Missouri and Illinois, owns property worth about $1.5 billion. But it pays few property taxes. The health system reported total revenue of $3.6 billion last year and operating earnings of $200 million but paid no corporate income taxes on its nonprofit operations. BJC and its foundations have investment portfolios totaling about $3 billion, with investment earnings of $372 million last year — but pay no capital gains taxes. The system also enjoys exemptions from state and local sales taxes on hundreds of millions of dollars in purchases of medical supplies and equipment.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2015 a division of BLR All rights reserved.