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"Hospitals Are Cashing In on Real Estate"
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"Nonprofit hospital chains are buying up real estate across the US, using their charity status to avoid paying property taxes. They are using their taxpayer-subsidized fortunes to influence local elections, including a mayoral race in Pittsburgh. The University of Pittsburgh Medical Center is one of the biggest players in this scheme, owning $2.1 billion worth of tax-exempt properties. Critics argue that this is an abuse of hospitals' tax-exempt status, stripping tax revenue that local governments use to pay for essential services."
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