Medicaid, child tax credit and House Republicans
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20hon MSN
Republicans in the House of Representatives have released their proposal to cut an estimated $715 billion in funding for Medicaid. If it becomes law, the plan would result in 8.6 million more uninsured Americans in the next decade,
Central to the savings are changes to Medicaid, which provides almost free health care to more than 70 million Americans, and the Affordable Care Act,
The Congressional Budget Office estimates the cuts will lead to 8.6 million people losing coverage over the next decade.
Massive cuts to Medicaid are part of President Trump's "beautiful" budget bill after months of denials. Also, inflation is expected to be on the rise after a small drop in March and Republicans propose national school vouchers.
Texas hospitals are facing a freeze in billions of dollars in federal Medicaid funding under a budget proposal introduced by House Republican leaders Sunday night. Republicans are moving to limit access to a tax loophole that Texas and other states have used to tap extra Medicaid dollars for hospitals and medical providers.