< 1 min read
June 1, 2013
Pittsburgh mayor sues medical center to revoke its nonprofit status; CEO highest paid in field, charity care to community mere 2% of budget.
"According to an audited financial statement, UPMC made $948 million in profits from 2011-2012. And while tax returns show it spends just two percent of its yearly budget on charity care, the hospital receives a state and federal tax break of about $200 million, according to city estimates. Pittsburgh Mayor Luke Ravenstahl is suing to revoke its nonprofit status. His city stands to gain $20 million a year." -- Ben Eisler & Terrell Brown, CBS.com