CHICAGO - Chicago-area not-for-profit hospitals enjoy an estimated $498 million in tax-exemption benefits annually while collectively providing just $176 million in charity care, according to a new report from a Chicago-based fiscal research organization.

As part of a follow-up to a similar report released in 2006, the Center for Tax and Budget Accountability looked at 47 nonprofit hospitals in the region, comparing the various federal and state breaks on property taxes and sales taxes they receive to their levels of free or discounted care provided to low-income citizens and the uninsured.

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