US EditionCBO says Trump's tax bill will add $2.4T to deficit, leave 11 million uninsured over a decade
- The Congressional Budget Office announced on Wednesday that the budget reconciliation bill approved by the House is projected to add $2.4 trillion to the deficit over the next ten years and lead to nearly 11 million people losing their health insurance.
- The bill includes sweeping Medicaid cuts, work requirements starting December 31, 2026, and ends expanded subsidies for insurance exchanges, all contributing to coverage losses and deficit changes.
- Providers could face revenue losses exceeding $770 billion, while hospitals anticipate increased uncompensated care that could threaten staffing and service availability, especially in rural and safety-net facilities.
- Senator Ron Johnson called the bill 'grotesque' and refused to support it, while Senator Rand Paul condemned adding $5 trillion in debt, reflecting significant Republican dissent despite Republican leadership optimism.
- If enacted, the bill may deepen inequality by cutting benefits for low-income Americans and undocumented immigrants, increase uninsured rates, and impose financial strain on healthcare providers, complicating its Senate passage prospects.
121 Articles
121 Articles
Kate Bolduan asks a top Trump official about Republicans criticizing Trump’s sweeping bill
Office of Management and Budget Director Russell Vought speaks with CNN’s Kate Bolduan about Republicans criticizing Trump’s massive tax and domestic policy bill, which the Congressional Budget Office estimates would add $2.4 trillion to the deficit over the next decade.
Georgia Public Broadcasting
nprWhat's the CBO? Meet the nonpartisan agency under fire from Republicans.
Top Republicans, including President Trump, are criticizing the nonpartisan Congressional Budget Office over its assessment that GOP's signature policy bill could add $2.4 trillion to the deficit.
Marin Independent Journal
How many in California and the Bay Area could be affected by Affordable Care Act changes?
Nearly 2 million people are enrolled in Covered California, the state’s version of the federal Patient Protection and Affordable Care Act health insurance, also known as Obamacare after the former president who approved the program in 2010. That includes more than 360,000 enrollees in the Bay Area. They could be impacted by the major policy bill that President Trump has urged Republican lawmakers to approve. The Congressional Budget Office repor…
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