Trump's Tax Bill: Millions Could Lose Healthcare! Is Yours at Risk?
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President Trump's proposed tax bill, dubbed the "One Big Beautiful Bill," is generating significant controversy due to its potential impact on healthcare access for millions of Americans. The bill aims to cut federal spending on Medicaid and Affordable Care Act (ACA) marketplaces by approximately $1 trillion over the next decade, according to the nonpartisan Congressional Budget Office (CBO). This could have severe consequences for the physical and financial well-being of tens of millions.
Potential Impact on Healthcare Coverage
The CBO estimates that nearly 12 million more people could lose health insurance by 2034 if the Senate plan to slash Medicaid and ACA marketplace funding is enacted. This reversal of the progress made by the Biden and Obama administrations, which expanded healthcare access and reduced the uninsured rate to record lows, raises serious concerns.
The bill's proposed Medicaid work requirement is projected to cause the deepest cuts to healthcare spending, potentially cutting off coverage for many. States will also be required to verify Medicaid eligibility every six months, potentially causing coverage lapses for vulnerable populations like the homeless.
Impact on Hospitals and Community Health Centers
A significant increase in the number of uninsured individuals could strain the finances of hospitals, nursing homes, and community health centers. These institutions would be forced to absorb more of the cost of treating uninsured patients, potentially leading to reduced services, staff layoffs, and even facility closures.
SNAP Benefits at Risk
The proposed legislation also includes substantial cuts to the Supplemental Nutrition Assistance Program (SNAP), totaling approximately $230 billion over 10 years. These cuts could jeopardize food assistance for millions of low-income families, increasing food insecurity across the nation.
The Road Ahead
The legislation is nearing Trump's desk, but both the Senate and House must approve the same version. The House is expected to consider the Senate's version soon. The outcome of this vote will determine the future of healthcare and food security for millions of Americans.