10 million expected to lose health insurance under Trump’s tax cut law, CBO says
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10 million expected to lose health insurance under Trump’s tax cut law, CBO says
Congressional Budget Office estimates 10 million more people will go without health insurance by 2034. The law is expected to add about $3.4 trillion to the deficit over the next decade. The new estimates are the first comprehensive look at the legislation.
WASHINGTON — President Trump’s major domestic policy law will result in nearly 10 million more people going without health insurance by 2034, according to the Congressional Budget Office’s estimate on the final law.
The law, which included significant cuts in federal health spending, is expected to add about $3.4 trillion to the deficit over the next decade.
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The new estimates are the first comprehensive look at the legislation as passed by Congress on July 3. They’re broadly similar to previous estimates, but find that about 1.8 million fewer people will lose health insurance. That’s largely because a provision was dropped that would have reduced federal funding for Medicaid programs in states that provided coverage to undocumented immigrants.