If you get health insurance through your employer, you might think proposed Medicaid cuts in President Donald Trump’s tax and spending bill would have no bearing on you. But lost Medicaid revenue would push up costs for all Americans, including those with job-based coverage.
A [new report from the labor union AFL-CIO] highlights how interconnected the U.S. health system is. If Congress passes [Republicans’ “One Big Beautiful Bill Act],” premiums would increase by up to $485 per person a year for the 179 million Americans with employer-based coverage, the analysis finds.
To help pay for tax breaks, the legislation would make nearly $800 billion in cuts to Medicaid over 10 years, according to the latest estimates from the Congressional Budget Office (CBO). The legislation also [fails to extend enhanced premium subsidies] set to expire at the end of 2025 for Affordable Care Act plans, and the report factors in the impact of that omission as well.
Medicaid covers about one in five Americans, or more than 70 million people, including low-income recipients, people with disabilities, and older adults who meet financial criteria for long-term care coverage. The proposed cuts would cause 7.8 million people to lose Medicaid coverage, according to the CBO. Jointly funded by the federal government and individual states, Medicaid is a major source of revenue for hospitals, providing 19% of reimbursements…
I’m surprised the worlds “good and hard” aren’t right in the headline of the story.
https://www.barrons.com/articles/trump-gop-spending-bill-medicaid-healthcare-premiums-461476c6