GOP/Trump bill boosts national debt by $4 trillion, cuts Medicare and health insurance for 7 million

[StmarysCity79]

The tax cuts are a mix of high-end and corporate benefits, mostly by extension of the 2017 Trump tax cuts, and some crowd-pleasers from the 2024 campaign trail, like elimination of taxes on tips and overtime pay, and a boost in the standard deduction for seniors. Overall, in a CBO estimate you will hear much about from Democrats, the bill would “lead to the bottom 10 percent of Americans seeing their household resources reduced by 4 percent — largely through cuts to federal spending on Medicaid and food aid — while the top 10 percent would see an increase in their resources by 2 percent.” But the number that could also come back to haunt Republicans if only because of the effect on financial markets is the estimated boost in the national debt by $3.8 trillion.

The legislative package includes measures that would deeply cut into two of the nation’s key safety net programs – Medicaid and food stamps

A new Medicaid “work requirement,” which will now be implemented by the states two years earlier, will wind up killing health insurance for at least 7 million people, according to an estimate from the nonpartisan Congressional Budget Office; another 8 million are at risk thanks to elimination of certain Obamacare private health-insurance subsidies. Cuts in federal payments for the SNAP (food stamps) program would likely cost 11 million people some or all of their existing benefits.

https://nymag.com/intelligencer/article/trump-big-beautiful-bill-house.html

 

[PrchJrkr]

Waaaaaaaa!

 

[Kyle]

 

[Rightturn On Red]

A new Medicaid “work requirement,” which will now be implemented by the states two years earlier, will wind up killing health insurance for at least 7 million people,

Why? Is it expected they will refuse to work?

 

[CPUSA]

I totally understand your outrage SMC79...
I was hoping for medicare cuts for all 30 million illegals...
Then I looked on the bright side...he plans on getting rid of 23 million illegal alien invaders...

He's hoping the remaining 7 million will self deport, once he cuts off their benefits...

 

[Hessian]

Limbaugh: "We have to get up the courage to tax the poor."
So...Illustrating the absurd by being absurd...
(Actually,...since they do not pay their fair share and according to a Maryland Representative,...paying taxes is the best way to demonstrate patriotism...I think the Poor need to show how patriotic they are by stepping up and paying a lot more taxes.)

 

[WingsOfGold]

Been on medicare for about 10 years, only increase was maybe 2 or 3 years ago.

 

[BOP]

The tax cuts are a mix of high-end and corporate benefits, mostly by extension of the 2017 Trump tax cuts, and some crowd-pleasers from the 2024 campaign trail, like elimination of taxes on tips and overtime pay, and a boost in the standard deduction for seniors. Overall, in a CBO estimate you will hear much about from Democrats, the bill would “lead to the bottom 10 percent of Americans seeing their household resources reduced by 4 percent — largely through cuts to federal spending on Medicaid and food aid — while the top 10 percent would see an increase in their resources by 2 percent.” But the number that could also come back to haunt Republicans if only because of the effect on financial markets is the estimated boost in the national debt by $3.8 trillion.

The legislative package includes measures that would deeply cut into two of the nation’s key safety net programs – Medicaid and food stamps

A new Medicaid “work requirement,” which will now be implemented by the states two years earlier, will wind up killing health insurance for at least 7 million people, according to an estimate from the nonpartisan Congressional Budget Office; another 8 million are at risk thanks to elimination of certain Obamacare private health-insurance subsidies. Cuts in federal payments for the SNAP (food stamps) program would likely cost 11 million people some or all of their existing benefits.

https://nymag.com/intelligencer/article/trump-big-beautiful-bill-house.html

 

[DaSDGuy]

Nice. They cut 7 million from getting medical insurance payments via medicare in multiple states. Now make them pay back all the overpayments.

 

[Merlin99]

Don’t you love how nonpartisan has become part of the title of the CBO. It doesn’t really mean anything, but they love to think so.

 

[StmarysCity79]

Why? Is it expected they will refuse to work?

They are disabled or otherwise unable to work.

This bill also disallows people from claiming dependents older than 7 up to 16.

Legally most of those people cant work.

It's really not hard to find this information.

 

[Kyle]

They are disabled or otherwise unable to work.

This bill also disallows people from claiming dependents older than 7 up to 16.

Legally most of those people cant work.

It's really not hard to find this information.

Gut it all.

You’ve abused it too long.

 

[Merlin99]

They are disabled or otherwise unable to work.

This bill also disallows people from claiming dependents older than 7 up to 16.

Legally most of those people cant work.

It's really not hard to find this information.

Show some work here, just claiming someone can’t work is an opinion without some supporting facts.

 

[StmarysCity79]

Show some work here, just claiming someone can’t work is an opinion without some supporting facts.

Try reading the bill for yourself before blindly cheering for anything Trump says.

• Roughly 15 million people by 2034 would lose health coverage and become uninsured because of the Medicaid cuts, the bill’s failure to extend enhanced premium tax credits for Affordable Care Act (ACA) marketplace coverage, and other harmful ACA marketplace changes, according to estimates from the Congressional Budget Office (CBO). This figure could well rise to account for last-minute changes in the House that made the bill harsher.
  
  
  • CBO estimates project that 7.6 million people would become uninsured due to Medicaid policies passed by the Energy and Commerce Committee (E&C).
  • 1.8 million people would become uninsured due to codification of the Trump Administration marketplace rule provisions, which the E&C Committee also passed.
  • 2.1 million people would become uninsured because of marketplace policies passed by the Ways and Means Committee.
  • An additional 4.2 million people would lose marketplace coverage because the legislation fails to extend the premium tax credit enhancements.
  • • Estimates of how many of those at risk will lose coverage vary. We estimate that if coverage losses mirror those experienced in Arkansas when it implemented similar requirements, some 7 million people would lose coverage.
    • Two-thirds of people aged 19-64 receiving Medicaid in 2023 worked during the year, and many of those who didn’t were taking care of a family member or had an illness or disability.
    • This expansive work requirement will harm parents, people with disabilities, and those with other chronic illnesses because past experience shows that exemptions don’t work. Even people who are supposed to be protected — and those who are working — lose coverage when they get caught in bureaucratic red tape.
  • One provision would take Medicaid coverage away from people, mostly seniors and those with disabilities who also have Medicare, due to provisions that make it harder to get and stay enrolled in Medicaid.
  • Some people would also lose coverage due to new requirements that expansion enrollees re-prove their eligibility every six months (instead of annually). These requirements frequently end up pushing eligible people off Medicaid because they don’t receive or submit the necessary paperwork, or because the state fails to process the paperwork.
• https://www.cbpp.org/research/health/by-the-numbers-house-bill-takes-health-coverage-away-from-millions-of-people-and

 

[DaSDGuy]

STD79 would prefer the entire country handles Medicare like Kalifornia

Illegal immigrant healthcare costs in blue state triggers intense budget debate

California's Medi-Cal program faces insolvency amid a $12 billion budget shortfall, with Republicans blaming illegal immigrant enrollments for the financial crisis.

www.foxnews.com

 

[StmarysCity79]

STD79 would [refer the entire country handles Medicare like Kalifornia

Illegal immigrant healthcare costs in blue state triggers intense budget debate

California's Medi-Cal program faces insolvency amid a $12 billion budget shortfall, with Republicans blaming illegal immigrant enrollments for the financial crisis.

www.foxnews.com

"republicans blaming illegal immigrants". with no proof.

• Higher-than-expected enrollment:
  The state underestimated how many people would enroll in the expanded program, particularly undocumented residents, leading to unexpected spending.
  
  
• Increased pharmacy costs:
  Rising costs for prescription drugs, especially for conditions like obesity and diabetes, are also contributing to the shortfall.
  
  
• Other factors:
  The Legislative Analyst's Office (LAO) also notes that fewer people were kicked off Medi-Cal after the pandemic than anticipated, and that there are more seniors in the program than before the pandemic, which are also factors contributing to the budget shortfall.

Why do you believe and repost such nonsense?

 

[phreddyp]

"republicans blaming illegal immigrants". with no proof.

• Higher-than-expected enrollment:
  The state underestimated how many people would enroll in the expanded program, particularly undocumented residents, leading to unexpected spending.
  
  
• Increased pharmacy costs:
  Rising costs for prescription drugs, especially for conditions like obesity and diabetes, are also contributing to the shortfall.
  
  
• Other factors:
  The Legislative Analyst's Office (LAO) also notes that fewer people were kicked off Medi-Cal after the pandemic than anticipated, and that there are more seniors in the program than before the pandemic, which are also factors contributing to the budget shortfall.

Why do you believe and repost such nonsense?

Why don't you post your address and the Illegals and loafers can show up at your residence and move in with you, after all what's good for the goose is good for the gander.

 

[DaSDGuy]

"republicans blaming illegal immigrants". with no proof.

• Higher-than-expected enrollment:
  The state underestimated how many people would enroll in the expanded program, particularly undocumented residents, leading to unexpected spending.
  
  
• Increased pharmacy costs:
  Rising costs for prescription drugs, especially for conditions like obesity and diabetes, are also contributing to the shortfall.
  
  
• Other factors:
  The Legislative Analyst's Office (LAO) also notes that fewer people were kicked off Medi-Cal after the pandemic than anticipated, and that there are more seniors in the program than before the pandemic, which are also factors contributing to the budget shortfall.

Why do you believe and repost such nonsense?

Since when is Newsome a Republican? Get YOUR facts straight.

 

[gary_webb]

"republicans blaming illegal immigrants". with no proof.

• Higher-than-expected enrollment:
  The state underestimated how many people would enroll in the expanded program, particularly undocumented residents, leading to unexpected spending.
  
  
• Increased pharmacy costs:
  Rising costs for prescription drugs, especially for conditions like obesity and diabetes, are also contributing to the shortfall.
  
  
• Other factors:
  The Legislative Analyst's Office (LAO) also notes that fewer people were kicked off Medi-Cal after the pandemic than anticipated, and that there are more seniors in the program than before the pandemic, which are also factors contributing to the budget shortfall.

Why do you believe and repost such nonsense?

Why do you believe and repost such nonsense?

 

[Kyle]

Why do you believe and repost such nonsense?

My money is on paint chips.