Viewing a single comment thread. View all comments

peenweens t1_je056c3 wrote

So multi-billion dollar health care companies shouldn't pay their fair share of taxes? I'm confused. If your wife's company somehow lost funding from this, blame the greedy C-suite who won't take less in bonuses and instead gut small nonprofits?

11

ktxhopem3276 t1_je0qcfm wrote

The c suite bonuses are an insignificant fraction of UPMC’s budget and they are taxed as income. Look at for profit hospitals and how much money they give to Wall Street investors. This is a distraction from the real issue of market concentration - UPMC is too big and should be broken up into smaller pieces to improve competition that would drive down health care costs for residents. I don’t think charging upmc property taxes will come out of executive bonuses. It is robbing Peter to pay Paul - it will lower residents property taxes but raise hospital bills. Pushing hospitals and universities to operate as for profit companies is a scary idea. I think the whole state needs to figure out a solution for hospitals and universities to contribute to city services without designating them as for profit.

10

ahhhhhhhhyeah t1_je08y0x wrote

UPMC pays taxes on their health insurance division. They have two different entities, one that is non-profit hospitals, and the other is a good old fashioned health insurance company that guts you. The latter pays taxes.

5

BeefyHoagie t1_je05znd wrote

You do sound confused. Didn’t say they shouldn’t be taxed or the system as it’s set up is fair or how it should be.

4