On July 1st, the House Ways and Means Committee is scheduled to hold a legislative markup on a package of bills that includes proposals to significantly expand Schedule H reporting requirements for non-profit hospitals' IRS Form 990 and add in new, extensive 340B reporting requirements that will cause compliance hardships.
While framed as an effort to increase transparency, these measures threaten to drown Nebraska health care providers in even more red tape at a time when they are already struggling under operational strain.
Hospitals are already among the most heavily regulated entities in the country, facing administrative burdens and intense compliance demands from all sides, including government, commercial insurance, and pharmaceutical companies. Piling on more complex IRS reporting requirements does nothing to improve patient care. In fact, it redirects staff time and financial resources away from the bedside and puts programs that improve access to care at risk.
Lawmakers need to know that compounding the regulatory bottleneck will only worsen health care affordability and further strain the workforce.
Contact your Member of Congress TODAY. Tell them to oppose adding new, overly burdensome IRS and 340B reporting requirements and focus instead on policies that reduce administrative waste and support frontline caregivers.
