UPMC recently announced that its revenue grew 10% last year to top $10 billion for the year. It also reported that it has $3.7 billion in its reserve fund.
That’s a lot of money, but apparently UPMC management had hoped for more, citing a “challenging environment” as the reason the non-profit health system earned only $351 million in operating profits.
As UPMC employees, we understand what it’s like to work and live in a challenging environment. While UPMC makes millions, many of us still don’t bring home a family sustaining wage. And while UPMC’s executives complain about the size of their surplus, our city just doesn’t have enough. We’re laying off teachers, shutting down bus routes, and dismantling community programs and activities that keep our kids learning and safe.