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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Mark Cuban Calls Out Low-Wage Employers, Says Taxpayers Are 'Subsidizing' Their Profits: Pushes 'Name And Shame' Strategy To Cut Medicaid Costs

Los,Angeles,-,Jan,8:,Mark,Cuban,At,The,Special

Billionaire entrepreneur Mark Cuban launched a scathing attack on large employers whose full-time workers qualify for Medicaid, arguing that taxpayers effectively subsidize corporate profits through government assistance programs.

What Happened: “When a large employer pays so little that their full time employees qualify for Medicaid, (or any public assistance) we the taxpayers are effectively subsidizing that big company. That’s wrong,” Cuban wrote on X Thursday. He proposed a “name and shame” approach as “the best way to reduce the cost of Medicaid.”

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