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Trump's Tax Bill Threatens Rural Hospitals, Experts Warn

8/29/2025

42 9 Full Breakdown

Summary

Story summary

President Trump's tax and spending bill may lead to rural hospital closures by cutting Medicaid funding.
Health Secretary Kennedy states a new $10 billion fund will assist, but experts believe it is inadequate.
The Congressional Budget Office estimates over 10 million Americans could lose health insurance by 2034.
Congressman Garamendi condemns the bill's impact on healthcare, while Republicans promote it as a major tax cut.

History

Historical Context

The 2017 Tax Cuts and Jobs Act, signed by President Trump, reduced corporate tax rates to 21% and projected a $1.5 trillion deficit increase over ten years, impacting programs like Medicaid. In July 2025, the One Big Beautiful Bill Act made these tax cuts permanent, raising concerns that over 10 million Americans could lose health insurance by 2034, exacerbating healthcare access issues.

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Story summary

President Trump's tax and spending bill may lead to rural hospital closures by cutting Medicaid funding.
Health Secretary Kennedy states a new $10 billion fund will assist, but experts believe it is inadequate.
The Congressional Budget Office estimates over 10 million Americans could lose health insurance by 2034.
Congressman Garamendi condemns the bill's impact on healthcare, while Republicans promote it as a major tax cut.

1 / 2