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State Treasurers Warn of $1 Trillion Medicaid Cuts

3/26/2025

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Summary

Story summary

State treasurers, led by Colorado's Dave Young, are sounding the alarm over proposed cuts to Medicaid and SNAP, calling them both reckless and inhumane. The House budget plan threatens over $1 trillion in reductions, which could lead to devastating job losses—Utah alone may see 7,500 jobs vanish and a staggering $727 million hit to its GDP by 2026.

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Story summary

State treasurers, led by Colorado's Dave Young, are sounding the alarm over proposed cuts to Medicaid and SNAP, calling them both reckless and inhumane. The House budget plan threatens over $1 trillion in reductions, which could lead to devastating job losses—Utah alone may see 7,500 jobs vanish and a staggering $727 million hit to its GDP by 2026.