Forbes March 2, 2025
House Republicans passed a budget plan this week that seeks to extend tax cuts enacted in 2018 and reduce Medicaid spending. While there are sometimes conflicting messages among Republican lawmakers as well as the Trump administration, Medicaid appears to be a likely target of budget austerity measures. The House proposal is estimated to save $1.9 trillion dollars over ten years.
Established in 1965, Medicaid is the joint state and federal health insurance program largely for people with low incomes. Currently, approximately 72 million people are enrolled in Medicaid. It’s hard to overstate the importance of Medicaid. The program covers nearly half of all births in the country, and around two-thirds of nursing home stays. Around 27 million children receive Medicaid...
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