US Healthcare Sector NAICS 62

Sep 4, 2025 - Federal Appeals Court Rules Against Trump Administration Tariffs

• The US Court of Appeals for the Federal Circuit has ruled that President Trump overstepped his authority when he declared national emergencies to justify tariffs on many countries. Healthcare providers are likely to benefit if the cost of goods imported from countries that were hit with tariffs decrease. US law “bestows significant authority on the president to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax”, the court said in the 7-4 ruling. Many of President Trump’s steep tariffs are “unbounded in scope, amount and duration”, the ruling added, and “assert an expansive authority that is beyond the express limitations” of the law his administration has cited. The court said that the ruling would not take effect until October 14. The Trump administration has filed a petition with the Supreme Court asking the justices to quickly intervene to rule that the president has the power to impose such import taxes on foreign nations.
• President Trump has signed into law the $3.4 trillion One Big Beautiful Bill that is estimated by Healio to include $930 billion in Medicaid cuts over 10 years. Nearly 12 million more people may be uninsured by 2034, with many losing coverage because of the Medicaid provisions in the bill, according to a US Congressional Budget Office analysis. For the first time in the Medicaid program’s nearly 60-year history, certain able-bodied adults aged 19 years to 64 years will be required to work, participate in job training, volunteer, or enroll in school at least 80 hours a month to maintain their Medicaid benefits. This will also be required for parents of children aged 14 years and older.

• US juries ordered companies in 47 different industries to pay a nuclear verdict — a jury award exceeding $10 million — in 2023, according to Marathon Strategies. Awards in some healthcare cases have reached high eight- or nine-figure sums, according to Bloomberg Law, as seen in recent lawsuits by Radiology Partners and Envision Healthcare against UnitedHealthcare. There were 89 cases with verdicts of more than $10 million in the US, the highest in 15 years and a 27% increase since 2022. Of those, 27 cases topped $100 million, eight topped $500 million, and two were in excess of $1 billion. The latter are referred to as “thermonuclear verdicts.”
• Healthcare sector employment and average wages for nonsupervisory employees increased slightly during the first six months of 2025, according to the US Bureau of Labor Statistics. Healthcare industry sales are forecast to grow at a 3.29% compounded annual rate from 2025 to 2029, slower than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. The Producer Price Index for healthcare services increased 3.09% year over year in July, according to the US Bureau of Labor Statistics.