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Scripps Treasurer Weighs in On House Tax Plan's Effect on Nonprofit Hospitals

Experts tell LA Times plan would increase construction costs

Construction site

Experts tell LA Times plan would increase construction costs

Richard McKeown, Scripps Health corporate vice president and treasurer, recently told the Los Angeles Times that a proposed tax plan that the U.S. House of Representatives approved would have a negative impact on nonprofit health systems like Scripps. The House plan would increase borrowing costs for nonprofits by eliminating tax-exempt bond financing for construction projects. The Senate tax plan does not include such an increase in borrowing costs.

Read the story in the Los Angeles Times: House tax plan would mean higher borrowing costs for hospitals, schools, affordable housing.

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Leonel Sanchez