Nearly 12 million estimated to lose health coverage under Trump budget bill

Key points from the Left

• The Congressional Budget Office reports that the Senate Republicans' spending package would lead to 11.8 million Americans losing health coverage by 2034.
• Federal spending on Medicaid, Medicare, and Obamacare would see cuts of $1.1 trillion under the new legislation, with over $1 trillion allocated to Medicaid.
• Democratic Senator Patty Murray criticized the bill, stating it would contribute to worsening fiscal conditions for the country.
• The legislation could increase the national debt by at least $3.3 trillion over ten years, with the possibility of approaching $4 trillion, according to the CBO.

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Key points from the Center

• The Congressional Budget Office estimates the Senate GOP tax bill would cause 11.8 million Americans to lose health coverage by 2034, with $1.1 trillion in cuts to Medicaid, Medicare, and Obamacare.
• Fueled by plans to extend Trump’s 2017 tax cuts, the Senate GOP bill provides $4.5 trillion in new reductions, offset by Medicaid and safety net spending cuts.
• The bill cuts Medicaid by about 18%, SNAP by roughly 20%, imposes 80-hour work requirements, and introduces up to 5% income-based cost-sharing fees.
• Consequently, many low-income Americans face delayed care and rural hospitals risk closure due to increased out-of-pocket costs and ongoing funding cuts, worsening health access and outcomes.
• The Senate GOP tax bill would add $3.3 trillion to the deficit over a decade and increase borrowing by $21 trillion, signaling significant fiscal risks according to CBO estimates.

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Key points from the Right

No summary available because of a lack of coverage.

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