House Passes Trump Tax Bill
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If passed into law, the bill would push 7.6 milion people off Medicaid, according to the Congressional Budget Office. Cuts and new conditions for SNAP food aid would save $300 billion over ten years. Trump's 2017 tax cuts would be made permanent, costing $2 trillion over the next decade.
A new hurdle for poor Americans would cause millions to lose coverage, including many who are working but can’t meet stringent reporting rules.
Trump's bill would require Medicaid applicants to provide proof of their work hours and apply for specific exceptions, creating new barriers for individuals to maintain insurance.
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MiBolsilloColombia on MSNMedicaid cuts: A $715 billion savings at the cost of 8.6 million people?The legislative proposal in the US House of Representatives seeks to reform Medicaid, promising savings of $715 billion. However, these savings could leave 8.6 million Americans without health insurance by 2034.
The tax bill that advanced from the House Ways and Means Committee devotes a portion of provisions to broader rules on health-savings accounts.
The Congressional Budget Office estimates the cuts will lead to 8.6 million people losing coverage over the next decade.