Trump’s ‘big, beautiful bill’ will lead to Medicare cuts
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Money Talks News on MSNMedicare Overhaul: New Bill Could Transform Healthcare for 68.5 Million SeniorsA new bill making its way through Congress could significantly change Medicare for millions of American seniors. From HSA contributions to eligibility requirements, the "One, Big, Beautiful Bill" aims to transform retirement healthcare.
Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.
The CBO said the GOP’s megabill would lead to $500 billion in cuts to Medicare. Two days later, 215 House Republicans voted for it anyway.
The deficits caused by the tax bill would trigger the Statutory Pay-As-You-Go Act of 2010 and force billions in cuts to Medicare, unless Congress takes action.
Republicans in Energy and Commerce and Ways and Means have approved their portions of President Donald Trump’s “big, beautiful bill” after marathon markups. Here’s an extensive look at what the legislation means for healthcare.
On May 22, the U.S. House of Representatives narrowly passed the President Donald Trump-backed “One Big Beautiful Bill” in a 215–214 vote, advancing a sweeping package of healthcare and fiscal reforms that could significantly affect Medicaid,
Republican lawmakers are resisting efforts to overhaul Medicaid, a program that now insures one in five Americans.
Speaker Mike Johnson negotiated a number of last-minute changes to the megabill to ensure passage, including moving up the start date for Medicaid work requirements. The House passed the bill 215-214 on Thursday morning.