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Republican Bill Threatens $716B Medicaid Cuts, Increases Debt

5/22/2025

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Summary

Story summary

The Congressional Budget Office warns that the Republican reconciliation bill could drastically shift wealth from the poorest 10% of Americans to the wealthiest, slashing resources for low-income households by 4%. With a staggering $716 billion cut to Medicaid impacting 15 million individuals, the bill threatens to add a staggering $3.8 trillion to the national debt.

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Story summary

The Congressional Budget Office warns that the Republican reconciliation bill could drastically shift wealth from the poorest 10% of Americans to the wealthiest, slashing resources for low-income households by 4%. With a staggering $716 billion cut to Medicaid impacting 15 million individuals, the bill threatens to add a staggering $3.8 trillion to the national debt.