
04-08-2021, 05:34 PM
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Sage
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Join Date: Mar 2018
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Quote:
Originally Posted by WindyCityzen
Nonprofit only means they do not have shareholders ... that profits (if any) are retained not distributed. Nonprofits may or may not pay federal business income tax on their mission-related businesses. (They undoubtedly pay many other taxes on unrelated activities, e.g, renting out office space to doctors.). The profit and tax exempt statuses are technically unrelated. Bottom line: All of this has little if any effect on how they negotiate with insurance carriers. Also, just saying ... if the US had a single payer system like all other first-world nations, none of of this would even occur.
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Amen - windy person!!!!!!
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