WH study warns 9 million Americans could lose health insurance in ‘major’ recession if Trump budget bill fails
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Diverging Reports Breakdown
WH study warns 9 million Americans could lose health insurance in ‘major’ recession if Trump budget bill fails
The White House estimates that 8.2 to 9.2 million more Americans could be without health insurance as a result of an ensuing recession. The finding comes from a White House Council of Economic Advisers memo titled, “Health Insurance Opportunity Cost if 2025 Proposed Budget Reconciliation Bill Does Not Pass” The memo says the estimate is “based on the assumption that states which expanded Medicaid with relatively generous eligibility will pull back to meet balanced budget requirements” It also qualifies its conclusions by saying the analysis assumes “no policy countermeasures,” which the White House describes as a “very unlikely but plausible worse case” scenario. House Speaker Mike Johnson, R-La., is laboring to get the “One Big Beautiful Act” through the House by a self-imposed Memorial Day deadline. The 1,116-page bill includes more than $5 trillion in tax cuts, costs that are partially offset by spending cuts elsewhere and other changes in the tax code.
Source: Foxnews.com | Read full article
WH study warns 9 million Americans could lose health insurance in ‘major’ recession if Trump budget bill fails
The White House estimates that 8.2 to 9.2 million more Americans could be without health insurance as a result of an ensuing recession. The finding comes from a White House Council of Economic Advisers memo titled, “Health Insurance Opportunity Cost if 2025 Proposed Budget Reconciliation Bill Does Not Pass” The memo says the estimate is “based on the assumption that states which expanded Medicaid with relatively generous eligibility will pull back to meet balanced budget requirements” It also qualifies its conclusions by saying the analysis assumes “no policy countermeasures,” which the White House describes as a “very unlikely but plausible worse case” scenario. House Speaker Mike Johnson, R-La., is laboring to get the “One Big Beautiful Act” through the House by a self-imposed Memorial Day deadline despite divisions among Republicans. The 1,116-page bill includes more than $5 trillion in tax cuts, costs that are partially offset by spending cuts elsewhere.
Source: Aol.com | Read full article
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Source: https://www.foxnews.com/politics/wh-study-warns-9-million-americans-could-lose-health-insurance-major-recession-trump-budget-bill-fails