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CBS News
an hour ago
- CBS News
Trump's "big, beautiful bill" means massive cuts to Medicaid — here's how Minnesotans could be affected
President Trump's "big, beautiful bill" is now law, and Minnesota, like other states, is confronting the reality of sharp cuts to Medicaid, which in Minnesota is called Medical Assistance. The bill means tax breaks as well as cuts to the nation's safety net programs. It will extend the 2017 Trump tax cuts for most Americans and create new temporary tax cuts on tips and overtime, as well as taxes on social security for many Americans. But the cuts in Medicaid, over $1 trillion over the next 10 years, are expected to reshape not just the federal budget but state and local budgets too. Minnesota state officials warned the bill would cut $500 million a year in reimbursements for hospital and nursing home coverage. The Kaiser Family Foundation estimates 152,000 to 253,000 Minnesotans could lose their health insurance coverage. The cuts would shift costs to state and county governments, a move that could lead to higher local taxes. "I think it's a tremendous increase in the cost to both state and county governments, but also to providers in terms of uncompensated care," John Connolly, the state director of Medicaid, said. The president's bill also creates new work requirements for able-bodied Medicaid recipients. It requires monthly and quarterly proof that work requirements are being met. The provision, while hailed by many, is expected to create more paperwork and require an increase in the need for more government workers to manage it. "We are scouring the bill to understand everything that is in it and how it interacts with our state policies and programs," Connolly said. The bill is expected to have a major impact on hospitals and nursing homes, which rely on Medicaid reimbursements. Hennepin Healthcare in downtown Minneapolis is the area's largest safety net hospital. The hospital estimates it will lose $145 million in funding a year. About 95,000, or half of all its patients a year, depend on Medicaid. Eighty-seven percent of all births at Hennepin Healthcare are paid for by Medicaid. However, the hospital will still be required to treat all patients regardless of their ability to pay. The predicted result: long lines in the ER and cuts to major specialty programs. "If my patients can't come in to see me, they are going to wait until things get really bad," said Dr. Tyler Winkelman, who works at Hennepin Healthcare. "And that means once things have hit that point, they will need to see my colleagues in the emergency department, and we really worry about the emergency department filling up." The bill is structured so that most Americans will feel the impact of the tax cuts in the spring of 2026, but some of the provisions, like work requirements for Medicaid, do not take place until 2027, after next year's midterm Congressional elections. You can watch WCCO Sunday Morning with Esme Murphy and Adam Del Rosso every Sunday at 6 a.m. and 10:30 a.m.
Yahoo
3 hours ago
- Yahoo
If You Invested $10K In Omega Healthcare Investors Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Omega Healthcare Investors Inc. (NYSE:OHI) is a real estate investment trust that primarily invests in skilled nursing and assisted living facilities in the U.S. and the U.K. It is set to report its Q2 2025 earnings on July 31. Wall Street analysts expect the company to post EPS of $0.75, up from $0.71 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $295.80 million, up from $252.75 million a year earlier. Don't Miss: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. . Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — The company's stock traded at approximately $34.79 per share 10 years ago. If you had invested $10,000, you could have bought roughly 287 shares. Currently, shares trade at $36.67, meaning your investment's value could have grown to $10,540 from stock price appreciation alone. However, Omega Healthcare also paid dividends during these 10 years. Omega Healthcare's dividend yield is currently 7.31%. Over the last 10 years, it has paid about $27.11 in dividends per share, which means you could have made $7,792 from dividends alone. Summing up $10,540 and $7,792, we end up with the final value of your investment, which is $18,332. This is how much you could have made if you had invested $10,000 in Omega Healthcare stock 10 years ago. This means a total return of 83.32%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 256.40%. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Omega Healthcare has a consensus rating of "Buy" and a price target of $36.28 based on the ratings of 20 analysts. The price target implies around 1% potential downside from the current stock price. The company on May 1 announced its Q1 2025 earnings, posting FFO of $0.75, beating the consensus estimate of $0.74, while revenues of $276.80 million came in below the consensus of $288.69 million, as reported by Benzinga. "We are pleased with our first quarter results, as we continue to grow FAD per share, while further de-levering the balance sheet. We have accretively invested approximately $423 million year-to-date through April 30th and, as a result, we are increasing our 2025 AFFO guidance to be between $2.95 and $3.01 per share from our previous guidance of between $2.90 and $2.98 per share," said CEO Taylor Pickett. Check out this article by Benzinga for four analysts' insights on Omega Healthcare. Given no expected upside potential, growth-focused investors may not find Omega Healthcare stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 7.31%. Read Next: Maximize saving for your retirement and cut down on taxes: . , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article If You Invested $10K In Omega Healthcare Investors Stock 10 Years Ago, How Much Would You Have Now? originally appeared on
Yahoo
3 hours ago
- Yahoo
Late-night SpaceX rocket launch in Florida: When to see liftoff from Daytona to New Smyrna Beach
A late-night rocket launch from Florida is on the horizon. A SpaceX Falcon 9 rocket will potentially carry Starlink internet-beaming satellites into low-Earth orbit, a Federal Aviation Administration operations plan advisory shows. Rockets here launch from NASA's Kennedy Space Center or nearby Cape Canaveral Space Force Station. Weather permitting and depending on cloud cover, a rocket launch from Florida's Space Coast could be visible as far north as Jacksonville Beach and Daytona Beach to as far south as Vero Beach and West Palm Beach. When there's a launch window in the middle of the night or very early morning, there's an opportunity for unique photos — the rocket lights up the dark sky and the contrail after makes for a great photo. Below is more information about the SpaceX rocket launch in Florida and suggestions on where to watch them from here. Is there a launch today? Is there a launch today? Upcoming SpaceX, NASA, ULA rocket launch schedule at Cape Canaveral For questions or comments, email FLORIDA TODAY Space Reporter Rick Neale at rneale@ or Space Reporter Brooke Edwards at bedwards@ For more space news from the USA TODAY Network, visit Mission: A SpaceX Falcon 9 rocket will launch the next batch of Starlink internet satellites into low-Earth orbit, a Federal Aviation Administration operations plan advisory indicates. Launch window: 1:48 a.m. to 6:18 a.m. ET Tuesday, July 8, 2025 Launch location: Launch Complex 40 at Cape Canaveral Space Force Station in Cape Canaveral, Florida Sonic booms for Space Coast of Florida (Merritt Island, Melbourne area): No Trajectory: Northeast Live coverage starts 90 minutes before liftoff at : You can watch live rocket launch coverage from USA TODAY Network's Space Team, which consists of FLORIDA TODAY space reporters Rick Neale and Brooke Edwards and visuals journalists Craig Bailey, Malcolm Denemark and Tim Shortt. Our Space Team will provide up-to-the-minute updates in a mobile-friendly live blog, complete with a countdown clock, at starting 90 minutes before liftoff. You can download the free FLORIDA TODAY app, which is available in the App Store or Google Play, or type into your browser. Shown is the National Weather Service-Melbourne radar, which shows conditions in real-time for the Space Coast, Brevard County, Orlando and other parts of Florida. The current date and time show up on the bottom right of this radar embed; otherwise, you may need to clear your cache. In Volusia County, immediately north of Brevard County — home to Kennedy Space Center and Cape Canaveral Space Force Station — you can get a great view of a SpaceX, NASA or United Launch Alliance rocket launch. The best views to watch a rocket launch from here is along the beach. Look due south. Recommended spots: • South New Smyrna Beach (Canaveral National Seashore) • Mary McLeod Bethune Beach Park, 6656 S. Atlantic Ave., New Smyrna Beach. Bethune Beach is 3.5 miles south of New Smyrna Beach and one mile north of the Apollo Beach entrance to Canaveral National Seashore Park. • Apollo Beach at Canaveral National Seashore (south of New Smyrna Beach). Canaveral National Seashore runs along Florida's East Coast in Volusia County and Brevard County. To access Apollo Beach, take Interstate 95 to exit 249, then travel east until it turns into State Road A1A. Follow SR A1A south to the park entrance. • Oak Hill riverfront is the southernmost city in South Volusia County. • Sunrise Park, 275 River Road, Oak Hill • Goodrich's Seafood and Oyster House back deck, 253 River Road, Oak Hill • Seminole Rest national historic site, 211 River Road, Oak Hill • Riverbreeze Park, 250 H.H. Burch Road, Oak Hill • Mary Dewees Park, 178 N. Gaines St., Oak Hill • Nancy Cummings Park, 232 Cummings St., Oak Hill • Jimmie Vann Sunrise Park, 275 River Road, Oak Hill • A.C. Delbert Dewees Municipal Pier, 243 River Road, Oak Hill • Bird Observation Pier on River Road across from A.C. Delbert Municipal Pier (see above) • Rose Bay in Port Orange, Florida • beaches along New Smyrna Beach, Florida • New Smyrna Beach Inlet, New Smyrna Beach lifeguard station • Halifax Harbor Marina in Daytona Beach, Florida • Ormond-by-the-Sea in Ormond Beach, Florida • George R. Kennedy Memorial Park in Edgewater, Florida Sangalang is a lead digital producer for USA TODAY Network. Follow her on Twitter or Instagram at @byjensangalang. Support local journalism. Consider subscribing to a Florida newspaper. This article originally appeared on The Daytona Beach News-Journal: SpaceX rocket launch in Florida: What time does Falcon 9 lift off?
