(The Center Square) \u2013\u00a0Save Our States wants New York Republicans in Congress to look into nonprofit hospital spending.<\/p>\n
The conservative watchdog says Mount Sinai and NewYork-Presbyterian put executives ahead of patients while getting taxpayer money and tax breaks.<\/p>\n
Executive Director Trent England called for the review in an Oct. 8 letter to New York\u2019s Republican members of Congress. The Center Square obtained a copy.<\/p>\n
\u201cYet, while American families struggle with rising healthcare costs, many of these subsidized, tax-exempt health systems prioritize executive perks and other luxuries over frontline workers and patient care,\u201d England wrote.<\/p>\n
Mount Sinai reported over $4.6 billion in revenue in 2024, England wrote. That included $571 million from the federal 340B drug-pricing program and nearly $107 million in government grants.<\/p>\n
The\u00a0340B program<\/a>\u2060 lets qualifying hospitals and other providers buy discounted outpatient drugs.<\/p>\n Mount Sinai\u2019s CEO made over $5.4 million in 2024, England wrote. Its former CEO made nearly $7.2 million in 2023.<\/p>\n Mount Sinai did not immediately respond to a request for comment.<\/p>\n England also questioned Mount Sinai\u2019s status as a rural hospital. He said it lets the New York City hospital get funds meant for rural areas.<\/p>\n \u201cTaxpayers deserve to know whether nonprofit hospitals are using taxpayer-subsidies and government-created advantages to benefit patients or not,\u201d he wrote.<\/p>\n Mount Sinai South Nassau on Long Island spent just 0.4% of its revenue on financial assistance in 2020, the letter says.<\/p>\n England cited a 2022 Wall Street Journal report that found the hospital forgave bills only for patients at or below the federal poverty level.<\/p>\n A 2017 federal\u00a0audit<\/a>\u2060 estimated Mount Sinai Hospital received at least $41.9 million in Medicare overpayments in 2012 and 2013. Auditors found billing errors in 110 of the 261 claims they checked.<\/p>\n Mount Sinai spent over $10.6 million on advertising in 2024, England wrote. He also cited Moody\u2019s two-level credit downgrade, which was driven by lower cash on hand and other operational problems.<\/p>\n The letter says several Mount Sinai facilities failed to meet federal rules requiring hospitals to post their prices. It also cites this year\u2019s nurses\u2019 strike over staffing and health benefits.<\/p>\n