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Cuts to Medicare, Medicaid, and Food Assistance Programs - One Big Beautiful Bill Act Explained
keds_economist on TT if the "One Big Beautiful Bill Act" passes, it is expected to significantly impact Medicare, Medicaid, and food assistance programs. The bill introduces new work requirements for Medicaid recipients aged 19 to 55, requiring them to work, perform community service, or participate in employment programs for at least 80 hours per month. The Congressional Budget Office (CBO) estimates that these changes could result in approximately 1.5 million low-income individuals losing their Medicaid coverage. Additionally, the bill imposes stricter eligibility verification processes, which may further complicate access to healthcare for vulnerable populations. The Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps, would also face significant changes. The bill proposes expanding work requirements to include adults aged 50 to 55 who are not raising children, potentially affecting up to 1 million older adults. The CBO estimates that these new rules could result in approximately 275,000 individuals per month losing access to food assistance. Furthermore, the bill shifts 5% of the benefit costs and 75% of the administrative costs onto the states, which could strain state budgets and lead to reduced benefits or services. While the bill does not directly cut Medicare, it includes provisions that could indirectly affect the program. For instance, the bill proposes automatic $500 billion cuts to Medicare unless adjustments are made, potentially impacting services and coverage for beneficiaries. cuts to medicare - One Big Beautiful Bill Act Explained
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