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Trump's Tax Policies Cost $34B in Healthcare Revenue

9/5/2025

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Summary

Story summary

A report claims Trump's tax policies enabled healthcare companies to evade over $34 billion in taxes.
Major healthcare corporations' profits surged by 75% after the 2017 tax law, while federal tax rates stayed the same.
Critics assert tax savings funded stock buybacks and executive bonuses, not patient care or employee wages.
Denial rates for insurance claims have risen, indicating potential improper denials.
The report urges Congress to seek higher tax revenue and better patient care from profitable healthcare firms.

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Story summary

A report claims Trump's tax policies enabled healthcare companies to evade over $34 billion in taxes.
Major healthcare corporations' profits surged by 75% after the 2017 tax law, while federal tax rates stayed the same.
Critics assert tax savings funded stock buybacks and executive bonuses, not patient care or employee wages.
Denial rates for insurance claims have risen, indicating potential improper denials.
The report urges Congress to seek higher tax revenue and better patient care from profitable healthcare firms.