Employee Benefit News July 10, 2025
Employers should expect to see hikes to their healthcare costs as a result of upcoming cuts to Medicaid outlined in the Trump administration’s One Big Beautiful Bill, passed into law at the start of July. Preparing for the ripple effects now can help benefit leaders reduce the connected negative impact on their workforce.
The law plans to cut $500 billion from Medicare starting in 2026, and nearly $1 trillion in cuts to Medicaid. It’s expected that nearly 12 million people will lose healthcare coverage as a result of these cuts. Additionally, a rise in uninsured individuals and a drop in reimbursement will present budget challenges for healthcare providers and hospitals, says Christoph Dankert, chief network officer at value-based Centers of...
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