(CBS News) The University of Pittsburgh Medical Center -- named one of the ten best hospitals in the nation by U.S. News -- cares for the sick and saves lives.
As a nonprofit organization, it also receives a tax break. But in recent months there have been questions raised as to whether the hospital acts more like a corporation, reaping big profits and driving up health care costs.
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
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