The American Hospital Association has urged the House Financial Services Committee to include tax-exempt hospital bonds in any legislation to help the municipal securities market.
In a letter to the committee chairman, AHA executive vice president Rick Pollack said federal support is needed to enable hospitals to continue to borrow for needed capital projects.
“Hospitals ability to enter the market for new capital or refinancing of existing debts has been severely constrained since the beginning of the current financial crisis,” he wrote.