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Healthcare Financial News - Wednesday, August 20, 2008

Healthcare Financial News


Wednesday, August 20, 2008
IRS Issues Instructions for New Form 990

The IRS yesterday released the long-awaited revised instructions that tax-exempt organizations will need to fill out the redesigned Form 990, which must be filed starting with tax year 2008 (filed in 2009). The revised instructions feature several new tools that make it easier to answer questions line-by-line and that facilitate uniform reporting. Input from the tax-exempt community, including HFMA, played a major role in how the new instructions were designed.

The IRS expects to release instructions to the 2008 Form 990-EZ, Short Form Return of Organization Exempt from Income Tax, in the next few weeks.

As part of the phase-in of the redesigned Form 990 over a three-year transition period, many organizations not eligible to file the Form 990-EZ for 2007 will be eligible to file Form 990-EZ or Form 990 for 2008. Access the revised instructions.

posted on 8/20/2008 7:52:12 AM (CST)  Permalink   
Uninsured, Unemployed Continue to Cite Cost of Health Care as a Serious Problem: Poll

The new Kaiser Health Tracking Poll: Election 2008 finds that one in four Americans continues to struggle with paying for health care. Health care ranks as a “serious problem” above paying for food (18 percent), problems with debt (16 percent), and paying the rent or mortgage (15 percent), but below paying for gas (37 percent) or getting a good-paying job or raise in pay (26 percent). Among the 24 percent who find paying for health care or health insurance a serious problem, those in the poorest health and those with the most need disproportionately report difficulties, with 50 percent of the uninsured reporting that paying for health care is a serious problem.

The August poll, the ninth in a new series designed and analyzed by the foundation’s public opinion research team, also examines public perception of the major presidential candidates’ positions on health care and reform. When voters were asked which candidate “would be more likely to make healthcare reform a top priority,” roughly three times as many voters mention presumptive Democratic nominee Sen. Barack Obama (58 percent) as they do presumptive Republican nominee Sen. John McCain (20 percent). A majority (56 percent) of independent voters and even three in 10 (29 percent) Republicans say they think Obama would be more likely to make health reform a top priority.

Health care is holding its position among the top voting issues according to the tracking poll, but is not a dominant voting issue. The economy (49 percent) is far and away the top voting issue, with Iraq (25 percent), gas prices (18 percent), and health care (16 percent) rounding out the top four. Access the key findings.

posted on 8/20/2008 7:47:53 AM (CST)  Permalink