Healthcare executives have a clear favorite for the White House, and it's not the person who gave them a big tax cut three years ago. by @leonardkl ($) in @Politicsinsider ow.ly/64Wh50C7shb
America's top healthcare bosses are pouring cash into Democratic candidate Joe Biden's campaign and the outside groups supporting him, an Insider analysis of Federal Election Commission records and data compiled by the Center for Responsive Politics shows.
Insider reviewed the campaign-spending records for executives at 100 major healthcare companies this election cycle, including drugmakers, insurers, health-tech companies, and hospitals.
The Biden campaign has raised almost $47 million in personal donations from healthcare executives over the course of the 2020 cycle, while Trump's campaign has brought in $21 million, according to the Center for Responsive Politics.
The money going to Biden has come from CEOs, vice presidents, and other C-suite executives, from companies that include Kaiser Permanente, Merck & Co., McKesson Corp., and Independence Blue Cross.
The industry's preference for Biden over Trump is surprising considering the Republican president's business-friendly positions and the tax cuts he signed into law in 2017 that gave corporations a huge windfall.
But Trump's executive actions to lower drug prices have not made him many friends in the industry. Those policies would take years to implement, & could be tied up in lawsuits from drug companies. Biden has promised to reduce health-insurance prices and cut the cost of Rx drugs.
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