Gov. Abbott issues warning to Texas Democrats who fled: 'Clock is ticking'
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Millions will lose Medicaid under Trump's tax law. Here's the final tally.
About 10 million Americans are expected to lose health insurance under President Donald Trump's tax cut and spending law, the nonpartisan Congressional Budget Office said. Over the next decade, 7.5 million people will lose Medicaid coverage due to changes under the law, the CBO said in an analysis released Monday, Aug. 11. Nondisabled adults on Medicaid will be required to get a job, volunteer or enroll in school to maintain their Medicaid coverage. And states must double Medicaid eligibility checks to twice a year. Another 2.1 million people will shed Affordable Care Act coverage over the next decade, the CBO said. And 400,000 more will lose coverage due to impacts of the law — nicknamed the One Big Beautiful Bill — which was backed by Congressional Republicans. The CBO earlier said the legislation, which Trump signed on July 4, would add $3.4 trillion to the federal deficit. The law extends the 2017 tax cuts, ends taxes on tips and overtime, and bolsters border security, among other things. The CBO also estimated low-income Americans will lose about $1,200 per year due to Medicaid changes and reductions in food assistance. Middle-income households are expected to gain $800 to $1,200. Meanwhile, the law's tax cuts will benefit wealthier Americans by about $13,600 per year, even though these households with pay about $190,000 in federal taxes annually, the CBO said. Millions more could lose their health insurance When the bill passed the Senate, the CBO estimated it would leave about 11.8 million Americans without health insurance through 2034. The law signed by Trump won't cut as deep because it excluded a provision that would've penalized states extending Medicaid to undocumented residents. Still, another 5 million could lose coverage if Congress doesn't extend the expiring COVID-19 pandemic-era tax credits that have made Affordable Care Act plans more affordable for consumers, according to earlier CBO estimates. Consumers who use those pandemic-era tax credits will see the amount they need to pay spike an average of more than 75%, according to KFF, a health policy nonprofit. The combination of the tax law, expiring tax credits and overall rising medical costs will make insurance premiums more expensive for everyone. Insurers plan a median premium increase of 18% for 2026 plans, which would be the largest ACA insurance price hike since 2018, according to a Peterson-KFF Health System Tracker report released Aug. 6. This article originally appeared on USA TODAY: Millions will lose Medicaid under Trump's tax law, CBO says
Yahoo
26 minutes ago
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MSNBC Fact-Checks Trump With Graphic of DC Crime Rate in Decline – as He Compares It to Baghdad
"We doubled up on Baghdad," the president claims While Donald Trump claimed the Washington, D.C., crime rate is comparable to tumultuous foreign cities like Baghdad and Panama City, MSNBC put a graphic onscreen showing that the city has actually been experiencing brighter days. 'Our capital city has been overtaken by violent gangs and bloodthirsty criminals, roving mobs of wild youth, drugged-out maniacs, and homeless people,' Trump said during a press conference on Monday, during which he announced that he'd be deploying the National Guard around town. More from TheWrap MSNBC Fact-Checks Trump With Graphic of DC Crime Rate in Decline – as He Compares It to Baghdad Tegna Stock Surges Over 28% on Nexstar Acquisition Talks Should They Stay or Go? Veteran Journalists Face Tough Choices in the Trump Age Al Jazeera Correspondent Anas al-Sharif, 4 Other Journalists Killed in Israeli Strike Outside Gaza City That's when MSNBC smoothly slotted in a graphic titled 'Decreases in Violence Crime Rates,' which showed that overall violent crime in D.C. has dropped by 26%, homicides have declined by 12% and robberies decreased by 28%. All the data on the graphic was sourced from the FBI and the Metropolitan Police Department of D.C. He went on to read data from documents he brought to the podium as he likened D.C. to cities overseas. 'These are different cities throughout the world. The red is a place called Washington, D.C. Look at these.' Trump said. 'Baghdad is — we doubled up on Baghdad. Panama City; Brasilia, San Jose, Costa Rica; Bogota, Colombia — heavy drugs — Mexico City. I mentioned Lima, Peru — all double and triple what they are. So do you want to live in places like that? I don't think so. I don't think so; and I think the people in this room, if you wrote correctly, you'd see.' As he continued, the graphic remained on the screen. 'Look at the kind of numbers we have. D.C., 41 per 100,000 — number one that we can find anywhere in the world,' Trump said. 'Other cities are pretty bad, but they're not as bad as that. That where you want to live, the reporters of the world? Juvenile offenders and crimes against persons, as they say. It's getting worse. Not getting better, it's getting worse.' On Monday, Trump took to social media to share that the country's capital will be 'liberated' from 'crime,' 'savagery,' 'filth,' and added that the 'days of ruthlessly killing or hurting innocent people are over.' As part of his supposed promise and a new executive order, he subsequently deployed the National Guard to Washington in an effort to curb its rate of crime and homelessness, as he said it's been overrun by 'gangs and bloodthirsty criminals.' On Monday, Trump took to social media to share that the country's capital will be 'liberated' from 'crime,' 'savagery,' 'filth,' and added that the 'days of ruthlessly killing or hurting innocent people are over.' As part of his supposed promise and a new executive order, he subsequently deployed the National Guard to Washington, D.C. in an effort to curve its rate of crime and homelessness, as he said it's been overrun by 'gangs and bloodthirsty criminals.' The post MSNBC Fact-Checks Trump With Graphic of DC Crime Rate in Decline – as He Compares It to Baghdad appeared first on TheWrap.
Yahoo
26 minutes ago
- Yahoo
EU leaders to hold call with Trump ahead of Putin meeting over Ukraine
European leaders will hold consultations over Ukraine with Donald Trump ahead of the US president's encounter with Russian leader Vladimir Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
