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

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.