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House Republicans unveil Medicaid cuts of upto $880 bn to help cover tax

Business Standard LogoBusiness Standard7h ago

House Republicans unveil Medicaid cuts of upto $880 bn to help cover tax - Business Standard

Quick Summary:

Tallying hundreds of pages, the legislation is touching off the biggest political fight over health care since Republicans tried to repeal and replace the Affordable Care Act, or Obamacare, during Trump's first term in 2017 -- which ended in failure.

House Republicans unveiled the cost-staving centrepiece of President Donald Trump's "big, beautiful bill" late Sunday, at least USD 880 billion in cuts largely to Medicaid to help cover the cost of USD 4.5 trillion in tax breaks.

While Republicans insist they are simply rooting out "waste, fraud and abuse" to generate savings with new work and eligibility requirements, Democrats warn millions of Americans will lose coverage.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 11:30:27 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 839 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28596251

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 223 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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