Hospital Chains’ Medicaid Profits Are a Juicy Target for GOP Budget Hawks
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Universal Health Services has a billionaire controlling shareholder and a lucrative Medicaid cash stream. Last year 68% of UHS’s pretax income came from government outlays commonly known as supplemental Medicaid payment programs, including so-called state-directed payments. In essence, both the company and Wall Street are making a bullish call on federal spending at a time when congressional Republicans and the Trump administration are pushing austerity.
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