Marchesa_07
Marchesa_07 t1_iwmhuy7 wrote
Reply to comment by enemy_of_your_enema in upmc by Safe-Pop2076
Bro. . .
Back in 2012:
"UPMC is a global health enterprise worth more than $10 billion and is sitting on more than $4 billion in cash and investments.
"UPMC made nearly $1 billion in profit in 2011 (see note 6 on page 12) and 2012 but gives less than 2% back of its annual patient care revenue in charity care.
UPMC has shut down and scaled back operations around Allegheny county, like in hard-hit communities like Braddock. At the same time, it’s investing millions overseas in places like Italy, Cyprus and Singapore"
How does UPMC qualify for non profit status? Why cannot US Steel, PNC, PPG, Alcoa, Amazon qualify for non profit status?
Marchesa_07 t1_iwme76i wrote
Reply to comment by enemy_of_your_enema in upmc by Safe-Pop2076
Yes, we know they're not supposed to held to a strict standard where they break even.
But their profit margins are massive, seemingly excessive, and where is UPMC reinvesting the 12 BILLION into the organization? Certainly not in the staff payrolls.
Development of additional tax free properties throughout the city? The US and abroad?
Research? I'm not going to get started on how grant indirects work, the amount of tax money that's wasted in research, or the fact that UPMC is very tight fisted with research support.
Health insurance relief?
Do you have a better idea as to the answers?
Marchesa_07 t1_iwm279i wrote
Reply to comment by enemy_of_your_enema in upmc by Safe-Pop2076
They're not non profits
They're making profits in the BILLIONS. And they are not giving back to the community on the order of billions, are they?
That's the justification for not paying taxes. . .they give back to the community. But they do not.
Marchesa_07 t1_iwlm5xw wrote
Reply to comment by enemy_of_your_enema in upmc by Safe-Pop2076
1st, love your username lol.
UPMC is this region's largest corporation. They should be paying their taxes same as any other local corporation.
I'm pointing this out just to further illustrate how awful they are in the context of the discussion of UPMC sucks, lol.
And to be completely fair AHN, Pitt, and CMU are also in the same boat when it comes to flagrant abuse of non profit status. They should all be paying taxes. Full stop.
Marchesa_07 t1_iwlha8q wrote
Reply to comment by Do_Be_Suspicious in upmc by Safe-Pop2076
UPMC is the largest landowner in Allegheny county to the tune of 1 BILLLION dollars in un taxed property. And I believe their profits were something like 12 BILLION in 2022.
The city really needs to strip them of their non profit status. Also AHN, Pitt, CMU. . .
Why do we put up with this utter bullshit?
Marchesa_07 t1_iwmi0ji wrote
Reply to comment by Free_Lawfulness2263 in upmc by Safe-Pop2076
Leslie Davis has entered the chat.