Nonprofit hospital chains are buying up billions of dollars’ worth of real estate around the country, milking them for income while using their charity status to avoid paying property taxes that fund schools, emergency departments, and other community services. Using their taxpayer-subsidized fortunes, some hospitals are trying to influence local elections in which their profits could be at stake — including a new effort to unseat a progressive mayor who’s cracking down on a hospital giant’s tax-exempt real estate empire.
Nonprofit hospitals are exempt from paying most federal, state, and local taxes in exchange for providing free or discounted medical care, along with other charitable acts like…