logo
Top Dems claim 51K people will die annually from the 'big beautiful bill' and its Obamacare freeze

Top Dems claim 51K people will die annually from the 'big beautiful bill' and its Obamacare freeze

Fox News5 days ago

Two top Democrats claimed the Republicans' budget reconciliation bill and its proposal to let enhanced Obamacare credits expire will cause the deaths of tens of thousands of Americans.
Oregon Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, along with Sen. Bernie Sanders, I-Vt., announced findings that an estimated 51,000 Americans could die each year due to Republican-led changes to the federal healthcare system and the broader reconciliation bill.
The national debt — which measures what the U.S. owes its creditors — fell to $36,214,400,664,854.53 as of June 3rd, according to the latest numbers published by the Treasury Department. That is down about $1.4 billion from the figure reported the previous day.
Wyden called the "stakes" of the 'big, beautiful bill' debate "truly life and death," as a statement from his office read that "a new analysis estimates that more than 51,000 people will die per year as a direct result of the Republican reconciliation bill, and their refusal to extend Affordable Care Act premium tax credits."
"Taking away health insurance and benefits like home care and mental healthcare from seniors, people with disabilities, kids, and working families will be deadly," Wyden said.
"This analysis shows the dire consequences of moving ahead with this morally bankrupt effort," he said, referring to a study he and Sanders asked the University of Pennsylvania and Yale to conduct.
The Democrats employed the Philadelphia college's Leonard Davis Institute of Health Economics, as well as the Yale School of Public Health's Center for Infectious Disease Modeling and Analysis.
"Let's be clear," Sanders said in a statement, "The Republican reconciliation bill which makes massive cuts to Medicaid in order to pay for huge tax breaks for billionaires is not just bad public policy."
"It is not just immoral. It is a death sentence for struggling Americans."
"[N]ot only will some of the most vulnerable people throughout our country suffer, but tens of thousands will die. We cannot allow that to happen," Sanders added.
In a copy of the study posted on UPenn's website, economics and health-centric academics found 7.7 million people would be estimated to lose Medicaid or Obamacare coverage by 2034, and 1.38 million "dual-eligible beneficiaries" would find themselves "disenroll[ed]."
In a statement, Wyden cited figures of 11,300 deaths from the loss of Medicaid or Obamacare coverage, 18,200 deaths from the loss of Medicaid coverage among low-income beneficiaries and 13,000 deaths of Medicaid enrollees in nursing homes due to the rollback of a "nursing home minimum staffing rule" from the Center for Medicare and Medicaid Services.
Wyden attributed an additional projected 8,811 deaths per year to the "failure to extend the enhanced [Obamacare] premium tax credits," citing the academics' analysis.
Fox News Digital reached out to House Speaker Mike Johnson, R-La., -- who spearheaded the "big, beautiful bill" in the House -- for comment.
A representative for UPenn told Fox News Digital the university sent the results of their analysis to Wyden and Sanders in response to a request on the matter.
"The estimates of mortality that are contained in the letter were based on peer-review research that was done independently and well before their request," the UPenn representative said.
"The senators' request was to take the research results and translate into the estimated number of deaths."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The cost of caring for a loved one
The cost of caring for a loved one

Yahoo

time25 minutes ago

  • Yahoo

The cost of caring for a loved one

It's Carers' Week, when we're encouraged to recognise the effort put in by unpaid carers looking after their loved ones. As more people live longer and need more care, it should also be a chance to consider what we'd do if we found ourselves in this position, and someone we love needed care. You might want to step in and help, so it's worth understanding the potential costs — from the extras you'd need at home to the cost of any lost income. In many cases, the whole family will need to have a frank conversation about how to support the person offering care, as well as the person needing it. If your family member needs professional care, the question of costs becomes even more pressing. On average, you'll pay about £50,000 a year for residential care and £66,000 for a nursing home, but the averages hide some big costs, and plenty of people pay well over £100,000 a year. You may be able to get some help from the state, but there's a process you need to go through first. It starts with a "needs assessment", done by your local authority, who will work out what care the person needs. Read more: How much does it cost to become a driver in the UK? Next you go through a financial assessment, which looks at the assets of the person needing care. If they're getting care at home, or they're in a care home temporarily, this assessment won't include the value of their own home. If they're going into a care home permanently, it may include their home, unless someone from specific groups also lives there. This includes a partner, any of their children under the age of 18, or a relative who is disabled or over the age of 60. In England, if they have assets of less than £14,250, the council may pay for care — although it will also take their income into account. If they have between £14,250 and £23,250, they will have to contribute to the cost of care, but if they have assets over £23,250, they'll need to foot the entire bill. If your loved one has complex medical needs, they should be assessed for NHS Continuing Healthcare. This can pay for all their care in some cases, but don't assume they'll qualify. It's not enough to have caring needs around the clock, they'll have to have very high medical needs too, requiring regular intervention from medical experts and professionals. If you end up needing to pay for care for someone, there are a few benefits that will help. If they are over state pension age, they could get the attendance allowance — or pension age disability in Scotland. However, this will barely scratch the surface of costs. It means you may need to speak to anyone in your life who might need care, to see what preparations they've put in place. A piece of research we did a while ago found that fewer than half of people thought their loved ones could pay for care from their savings. It means you should consider their pension too. A guaranteed monthly pension income will go towards the cost of care. If they're using pension drawdown, they may have money in their pension pot that can be used too. For younger people, this often makes sense as a way to save for your own care needs, especially if you're saving into a workplace pension and your employer is helping to build the pot. Read more: What is the Pension Investment Review? However, the value of the property will often need to be used. Some people will rent the family home out to cover fees, although this is risky because rental income isn't guaranteed, and will be depleted by maintenance and repairs. You can consider equity release to free up some of the value in the property, but this is expensive. There will be a set up cost, and usually any interest on the loan will roll up, and needs to repaid when the property is sold. There's also the option of a deferred payment arrangement with the local council, which is a bit like equity release, but run by the council and slightly less expensive. But for many people, the most sensible option ends up being selling up. You might pay fees from the lump sum as you go along, but it's worth considering an immediate needs care annuity instead. These pay a fixed amount to the care home every month for the rest of their life, and tend to cover the gap between pension income and the cost of care. Talking to your loved ones about care, and how they'd pay for it, is difficult, but it's a far easier conversation well in advance, when they have time to make a plan. It's much more stressful to try to discuss this at the point they already need care and are starting to panic about how they're going to pay for more: How to tell if you're rich Should people keep working until later in life? How to get your children to move outError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

US and China set to kick off fresh round of trade talks in London over intractable issues
US and China set to kick off fresh round of trade talks in London over intractable issues

CNN

time26 minutes ago

  • CNN

US and China set to kick off fresh round of trade talks in London over intractable issues

A new round of trade negotiations between the United States and China is set to begin Monday in London as both sides try to preserve a fragile truce brokered last month. The fresh talks were announced last week after a long-anticipated phone call between US President Donald Trump and Chinese leader Xi Jinping, which appeared to ease tensions that erupted over the past month following a surprise agreement in Geneva. In May, the two sides agreed to drastically roll back tariffs on each other's goods for an initial 90-day period. The mood was upbeat. However, sentiment soured quickly over two major sticking points: China's control over so-called rare earths minerals and its access to semiconductor technology originating from the US. Beijing's exports of rare earths and their related magnets are expected to take center stage at the London meeting. But experts say Beijing is unlikely to give up its strategic grip over the essential minerals, which are needed in a wide range of electronics, vehicles and defense systems. 'China's control over rare earth supply has become a calibrated yet assertive tool for strategic influence,' Robin Xing, Morgan Stanley's chief China economist, wrote in a Monday research note. 'Its near-monopoly of the supply chain means rare earths will remain a significant bargaining chip in trade negotiations.' Since the talks in Geneva, Trump has accused Beijing of effectively blocking the export of rare earths, announcing additional chip curbs and threatening to revoke the US visas of Chinese students. The moves have provoked backlash from China, which views Washington's decisions as reneging on its trade promises. All eyes will be on whether both sides can come to a consensus in London on issues of fundamental importance. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet a Chinese delegation led by Vice Premier He Lifeng. On Saturday, Beijing appeared to send conciliatory signals. A spokesperson for China's Commerce Ministry, which oversees the export controls, said it had 'approved a certain number of compliant applications.' 'China is willing to further enhance communication and dialogue with relevant countries regarding export controls to facilitate compliant trade,' the spokesperson said. Kevin Hassett, head of the National Economic Council at the White House, told CBS's Face the Nation on Sunday that the US side would be looking to restore the flow of rare earth minerals. 'Those exports of critical minerals have been getting released at a rate that is higher than it was, but not as high as we believe we agreed to in Geneva,' he said, adding that he is 'very comfortable' with a trade deal being made after the talks. In April, as tit-for-tat trade tension between the two countries escalated, China imposed a new licensing regime on seven rare earth minerals and several magnets, requiring exporters to seek approvals for each shipment and submit documentation to verify the intended end use of these materials. Following the trade truce negotiated in Geneva, the Trump administration expected China to lift restrictions on those minerals. But Beijing's apparent slow-walking of approvals triggered deep frustration within the White House, CNN reported last month. Rare earths are a group of 17 elements that are more abundant than gold and can be found in many countries, including the United States. But they're difficult, costly and environmentally polluting to extract and process. China controls 90% of global rare earth processing. Experts say it's possible that Beijing may seek to use its leverage over rare earths to get Washington to ease its own export controls aimed at blocking China's access to advanced US semiconductors and related technologies. The American Chamber of Commerce in China said on Friday that some Chinese suppliers of American companies have received six-month export licenses. Reuters also reported that suppliers of major American carmakers – including General Motors, Ford and Jeep-maker Stellantis – were granted temporary export licenses for a period of up to six months. While China may step up the pace of license approvals to cool the diplomatic temperature, global access to Chinese rare earth minerals will likely remain more restricted than it was before April, according to a Friday research note by Leah Fahy, a China economist and other experts at Capital Economics, a London-based consultancy. 'Beijing had become more assertive in its use of export controls as tools to protect and cement its global position in strategic sectors, even before Trump hiked China tariffs this year,' the note said. As China tackles a tariff war with the US head on, it's clear that it is continuing to cause economic pain at home. Trade data released Monday painted a gloomy picture for the country's export-reliant economy. Its overall overseas shipments rose by just 4.8% in May compared to the same month a year earlier, according to data released by China's General Administration of Customs. It was a sharp slowdown from the 8.1% recorded in April, and lower than the estimate of 5.0% export growth from a Reuters poll of economists. Its exports to the US suffered a steep decline of 34.5%. The sharp monthly fall widened from a 21% drop in April and came despite the trade truce announced on May 12 that brought American tariffs on Chinese goods down from 145% to 30%. Still, Lü Daliang, a spokesperson for the customs department, talked up China's economic strength, telling the state-run media Xinhua that China's goods trade has demonstrated 'resilience in the face of external challenges.' Meanwhile, deflationary pressures continue to stalk the world's second-largest economy, according to data released separately on Monday by the National Bureau of Statistics (NBS). In May, China's Consumer Price Index (CPI), a benchmark for measuring inflation, dropped 0.1% compared to the same month last year. Factory-gate deflation, measured by the Producer Price Index (PPI), worsened with a 3.3% decrease in May from a year earlier. Last month's drop marks the sharpest year-on-year contraction in 22 months, according to NBS data. Dong Lijuan, chief statistician at the NBS, attributed the decline in producer prices, which measures the average change in prices received by producers of goods and services, to a drop in global oil and gas prices, as well as the decrease in prices for coal and other raw materials due to low cyclical demand. The high base of last year was cited as another reason for the decline, Dong said in a statement. CNN's Hassan Tayir, Simone McCarthy, Fred He contributed reporting.

Loss of insurance from GOP bill could mean more than 100,000 deaths
Loss of insurance from GOP bill could mean more than 100,000 deaths

Washington Post

time32 minutes ago

  • Washington Post

Loss of insurance from GOP bill could mean more than 100,000 deaths

It is never a good idea for a politician to answer a question flippantly, but Sen. Joni Ernst recently did just that at a town hall in Iowa. In response to a constituent concerned that the GOP's planned Medicaid cuts would lead to more deaths, the Iowa Republican replied, 'Well, we are all going to die.' When she later had the chance to clarify her comments, she offered a sarcastic apology and doubled down.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store