President and CEO
American Hospital Association
December 15, 2017
The conference report released today has mixed results for the hospitals and health systems we represent and the patients we are privileged to care for.
Protecting hospitals’ access to tax-exempt private-activity bonds means ensuring access to modern facilities that are better able to provide high quality care in thousands of communities across America. A vital source of low-cost capital financing, which helps keep health care more affordable, private-activity bonds are a proven benefit to the public at large and would be preserved under this legislation. We are also pleased that the conference agreement’s definition of taxable income for purposes of calculating interest expense deductions follows the House bill and will be preserved in the near term. This will facilitate assistance for certain hospitals to ensure access to care. Together with the preservation of medical expense deductions for patients with high medical costs – utilized by nearly 10 million Americans annually – we are encouraged by the inclusion of these important provisions in the Tax Cuts and Jobs Act.
However, we are concerned about the inclusion of the individual mandate repeal and the consequences that this would pose to our patients. It is unfortunate that the important task of overhauling the tax code will erode health coverage for many.
We will continue to review this legislative package to assess its impact on patients and communities and the hospitals and health systems that serve them.
Contact: Colin Milligan, 202-638-5491, firstname.lastname@example.org
Marie Johnson, 202-626-2351, email@example.com
About the AHA
The AHA is a not-for-profit association of health care provider organizations and individuals that are committed to the health improvement of their communities. The AHA is the national advocate for its members, which include nearly 5,000 hospitals, health care systems, networks, other providers of care and 43,000 individual members. Founded in 1898, the AHA provides education for health care leaders and is a source of information on health care issues and trends. For more information, visit the AHA website at www.aha.org.