John,

Our damning new report titled Sick Profits, in partnership with Community Catalyst, confirms how Trump’s 2017 tax law helped seven of the biggest healthcare corporations dodge over $34 billion in taxes while they denied care, cut staff, and raised prices on patients.[1]

These companies, including UnitedHealth, CVS/Aetna, Cigna, Centene, and Humana, used loopholes to inflate profits and reward investors. They paid the same amount in federal income taxes after the law passed as they did before, even as profits soared by 75 percent. Executives gave themselves pay raises. Dividends doubled. Meanwhile, care worsened.

This wasn’t an accident. It was baked into the design. The law cut the corporate tax rate from 35 to 21 percent and created new ways for corporations to slash what they owed. That same law is now permanently extended, along with another $600 billion in corporate tax breaks just passed by Republicans in Congress.

The results are devastating. Nearly 15 million Americans are expected to lose health coverage. Ten million from Medicaid. Five million from the ACA marketplace. While coverage disappears, CEOs cash in.

We are exposing what they did, how they did it, and who is benefiting. But to win this fight, we need you. Donate now to help power the campaign to hold these corporations accountable and rewrite the tax rules.

These firms say they provide care. But what they really provide is profit for shareholders. Stock buybacks exploded. Staffing levels dropped. Patients were denied treatment. All while tax bills shrank.

That $34 billion in lost tax revenue could have funded hospitals, community clinics, mental health programs, and maternal care. Instead, it went to the top. The top-tier executives at these firms saw an average collective pay jump of nearly $100 million. Public health took the hit.

Every one of these corporations used the stock options loophole to enrich executives while minimizing taxes. They gave Wall Street the numbers they wanted and handed the IRS books that told a different story. The scam is legal, and that is the problem. Congress could close it tomorrow.

It is not just stock options. Several of these firms used offshore tax havens and shell subsidiaries to shift profits out of the country. That means profits made off sick Americans were hidden overseas to dodge taxes owed here at home. And while they gamed the system, rural hospitals closed and emergency rooms overflowed.

We need to break this cycle. Your support funds the fight to close loopholes, stop the tax giveaways, and demand that corporations pay what they owe to the people they claim to serve.

Donate today to help end the corporate tax scam that’s bleeding our healthcare system dry.

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Let’s demand healthcare that serves people, not profits.

David Kass
Executive Director
Americans for Tax Fairness Action Fund