$10 Billion Annual Tax Windfall Headed to 20 Major Health Care Companies, McCaskill-backed Report Details
In earnings calls and documents, 20 of the top 37 Fortune 500 health care companies--including pharmaceutical and health insurance companies-- have detailed annual shareholder savings of
"While they jack up the price of prescription drug and emergency care for Missourians, the pharmaceutical and health insurance industries have turned right around and passed along tens of billions in savings from the tax bill to their shareholders and executives," McCaskill said. "I was eager to support bipartisan tax reform that would deliver relief to
McCaskill has made tackling rising healthcare and prescription drug costs a top priority in the
McCaskill has introduced legislation to end taxpayer subsidies pharmaceutical companies receive for the billions of dollars they spend on prescription drug advertising each year, which currently is fully tax-deductible. McCaskill also introduced a bipartisan bill to prohibit "pharmacy gag clauses" that lead to consumers needlessly overpaying for prescription drugs. In February, healthcare and emergency room costs in
Visit mccaskill.senate.gov/healthcare to learn more about McCaskill's fight to improve healthcare for Missourians.
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