Joe Biden sees surge in health care industry fundraising as Trump slumps in polls over coronavirus
Throughout the 2020 election cycle, people in the field have given over $3.8 million in donations to former Vice President Joe Biden's campaign and the outside groups that are supporting him.
The apparent Democratic nominee for president is ahead of Trump, not just in many national polls, but also in financial support from individuals in the health-care business. Throughout the 2020 election cycle, people in the field have given over $3.8 million in donations to Biden's campaign and the outside groups that are supporting him, including toward pro-Biden super PACs, according to data from the nonpartisan Center for Responsive Politics.
Biden's fundraising surge from health care leaders and their employees comes as Trump's coronavirus response has come under withering criticism from Democrats. The U.S. has confirmed just over 1.7 million cases of the virus and over 100,000 deaths. Meanwhile, over 40 million Americans are unemployed and Trump's approval rating has been stuck below 50% according to most national polls.
Trump, on the other hand, has a massive war chest, but the campaign and his affiliated external groups have struggled to match Biden's haul from a similar donor pool. Trump and committees supporting him have brought in at least $2.4 million from health professionals during the election cycle, with close to $1.6 million from those who are involved with nursing homes, the data shows.
Biden has taken a more moderate approach to campaigning on the issue of health care. He has repeatedly said he would not support "Medicare for All" and would rather build on the Affordable Care Act, also known as Obamacare, while adding a public option. "Biden is more centrist on healthcare policy," Charles Myers, the former vice chairman of investment firm, Evercore. "Even Elizabeth Warren has backtracked on Medicare for All, so a Biden administration will not be a transformation or punitive for the health care sector."
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