The budget calls for endingthe additional federal funding that helped states expand Medicaidto cover more people under the Affordable Care Act.
The inclusion of an $844 million "placeholder" in the latestbudget coming out of the Trump White House, according to theAssociated Press, indicates that Medicaid andthe Affordable Care Act are in the crosshairs.
The Hill estimates those cuts will total $1 trillionover a 10-year period—not something that will even clear theDemocrat-controlled House. The $844 million supposedly comes from"savings" that, according to AP, "would be used for a health careplan Trump has been promising since he was a candidate." But thereare still no details on what that plan might entail.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
