Submitted by imakestuffup725 t3_10j2j57 in pittsburgh
ktxhopem3276 t1_j5jr0nc wrote
Reply to comment by JellyProof2104 in UPMC grew too fast, gained too much market share, report says | TribLIVE.com by imakestuffup725
They are a nonprofit because they reinvest excess money back into themselves instead of enriching investors on Wall Street. I don’t think taxing UPMC would lead to higher worker pay or better working conditions or market competition. The county has said it would raise revenue by 5%. I’m just curious what else it would actually accomplish. Highmark, the second largest nonprofit hospital and insurance conglomerate owns naming rights to the Buffalo bills stadium so UPMC on a skyscraper is not unusual considering they have offices in that building. I think the biggest issue is UPMC marketshare and the most effective solution is to force them to divest two hospitals - Children’s and Mercy and employees should unionize. The executives lawyers and accountants are probably laughing at us for wasting government resources litigating their non profit status instead of just breaking them up into smaller pieces
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