Obama Warns 16 Million Americans Could Lose Health Care As GOP Pushes Trump's 'Big Beautiful Bill' With Deep Medicaid Cuts
What Happened: 'More than 16 million Americans are at risk of losing their health care because Republicans in Congress are rushing to pass a bill that would cut federal funding for Medicaid and weaken the Affordable Care Act,' Obama said in a social media statement. 'If the House passes this bill, it will increase costs and hurt working class families for generations to come.'
Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — The former president urged Americans to 'call your representative today and tell them to vote no on this bill,' as House Speaker Mike Johnson (R-La.) worked through the night to secure enough votes for passage by Trump's July 4 deadline, according to the Associated Press report.
The legislation, dubbed Trump's 'Big Beautiful Bill,' would implement a $1 trillion Medicaid cut over 10 years while expanding work requirements for able-bodied adults ages 19-64, including parents of children 14 and older.
Recipients would need to log 80 hours monthly of work, study, or volunteering to maintain coverage.Why It Matters: The Congressional Budget Office projects that approximately 12 million more Americans would become uninsured by 2034 from the Medicaid provisions alone.
States would face increased administrative burdens, conducting eligibility verification twice yearly and income checks every six months.
The 887-page bill also targets the Supplemental Nutrition Assistance Program with $295 billion in cuts over a decade, representing the deepest food-aid reduction in modern history.
Work requirements would expand to able-bodied adults without small children until age 64, up from 54 under current law.
House Republicans faced significant resistance from their own caucus Wednesday night, with several members refusing to vote on the procedural measure.
Trump criticized the delay in a midnight social media post, warning holdouts about 'COSTING YOU VOTES!!!'
The package includes $4.5 trillion in tax cuts over 10 years, with provisions for deducting tips and overtime pay, plus a temporary $6,000 deduction for seniors earning under $75,000 annually.
Defense and immigration enforcement would receive $350 billion in new funding, according to the AP report.
Read Next:
Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.
Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom
Photo courtesy: Gregory Reed / Shutterstock.com
UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Get the latest stock analysis from Benzinga?
This article Obama Warns 16 Million Americans Could Lose Health Care As GOP Pushes Trump's 'Big Beautiful Bill' With Deep Medicaid Cuts originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
14 minutes ago
- CNN
Death toll from Texas floods rises to 24 as search underway for more than 20 girls unaccounted for
Update: Date: 33 min ago Title: Trump calls Texas flooding "terrible" and promises federal aid Content: President Donald Trump called the central Texas flooding 'terrible' and pledged federal support in the aftermath. 'It's terrible. The floods? It's shocking. They don't know the answer yet as to how many people, but it looks like some young people have died,' Trump told reporters aboard Air Force One as he traveled to his New Jersey golf club. Asked if there will be federal aid, he responded, 'Oh yeah, we'll take care of them. We're working with the governor. We're working with the governor. It's a terrible thing.' At least 24 people have died in Kerr County, Texas, after severe flooding inundated the area, according to County Sheriff Larry Leitha. Update: Date: 32 min ago Title: More than 20 campers unaccounted for, more than 200 people rescued across Kerr County, officials say Content: Between 23 and 25 people at Camp Mystic in Kerr County, Texas, are still unaccounted for following severe flooding in the region, authorities said Friday night. Early Friday morning, about 107 game wardens and an aviation group tried to access the camp, according to officials. Shortly after midday, they were able to enter the camp and start rescuing children. Authorities were in contact with about 18 camps along the Guadalupe River and said Camp Mystic was the only camp with people still unaccounted for as of Friday evening. 'The far majority of those camps have their campers and have already contacted their families and working to reunite those families together,' Nim Kidd, chief of the Texas Division of Emergency Management, said at a news conference Friday. 'We are focused on the ones that cannot help themselves right now, and that is our primary area of concern.' More than 200 people have been rescued across Kerr County, and emergency response efforts are still underway. 'As of a few hours ago, we had rescued or evacuated 237 people and 167 of those were by helicopter,' Major General Thomas M. Suelzer said at a news conference Friday night. 'So we are having a very good helicopter response when the weather allows.' On Saturday, personnel will be sent to help manage evacuee shelters with tracking efforts to help confirm those located to date, he added. Suelzer said three additional helicopters are also on the way to help support the community. Update: Date: 32 min ago Title: Texas Gov. Greg Abbott issues disaster declaration following deadly flooding Content: Texas Gov. Greg Abbott said Friday he has issued a disaster declaration after severe flooding left at least 24 dead and more than 20 missing in the state. The declaration was issued for several of the hardest hit counties in central Texas: Bandera, Comal, Concho, Gillespie, Kendall, Kerr, Kimball, Llano, Mason, McCullough, Menard, Reeves, San Saba and Tom Green. It will ensure the counties 'are going to have access to every tool, strategy, personnel that the state of Texas can provide to them, which will be limitless,' he said. 'We'll put in everything we have in the entire state,' Abbott said.
Yahoo
28 minutes ago
- Yahoo
Trump says Iran has not agreed to inspections, give up enrichment
(Reuters) -U.S. President Donald Trump said on Friday that Iran had not agreed to inspections of its nuclear program or to give up enriching uranium. He told reporters aboard Air Force One that he believed Tehran's nuclear program had been set back permanently although Iran could restart it at a different location. Trump said he would discuss Iran with Israeli Prime Minister Benjamin Netanyahu when he visits the White House on Monday. "I would say it's set back permanently," Trump said as he traveled to New Jersey after an Independence Day celebration at the White House. "I would think they'd have to start at a different location. And if they did start, it would be a problem." Trump said he would not allow Tehran to resume its nuclear program, adding that Iran did want to meet with him. The U.N. nuclear watchdog said on Friday it had pulled its last remaining inspectors from Iran as a standoff deepens over their return to the country's nuclear facilities bombed by the United States and Israel. The U.S. and Israel say Iran was enriching uranium to build nuclear weapons. Tehran insists its nuclear program is for peaceful purposes. Israel launched its first military strikes on Iran's nuclear sites in a 12-day war with the Islamic Republic three weeks ago. The International Atomic Energy Agency's inspectors have not been able to inspect Iran's facilities since then, even though IAEA chief Rafael Grossi has said that is his top priority. Iran's parliament has passed a law suspending cooperation with the IAEA until the safety of its nuclear facilities can be guaranteed. While the IAEA says Iran has not yet formally informed it of any suspension, it is unclear when the agency's inspectors will be able to return to Iran. Iran has accused the agency of effectively paving the way for the bombings by issuing a damning report on May 31 that led to a resolution by the IAEA's 35-nation Board of Governors declaring Iran in breach of its non-proliferation obligations. The U.S. and Israeli military strikes either destroyed or badly damaged Iran's three uranium enrichment sites. But it was less clear what has happened to much of Iran's nine tons of enriched uranium, especially the more than 400 kg (880 pounds) enriched to up to 60% purity, a short step from weapons grade.
CNN
34 minutes ago
- CNN
Death toll from Texas floods rises to 24 as search underway for more than 20 girls unaccounted for
Update: Date: 12 min ago Title: Trump calls Texas flooding "terrible" and promises federal aid Content: President Donald Trump called the central Texas flooding 'terrible' and pledged federal support in the aftermath. 'It's terrible. The floods? It's shocking. They don't know the answer yet as to how many people, but it looks like some young people have died,' Trump told reporters aboard Air Force One as he traveled to his New Jersey golf club. Asked if there will be federal aid, he responded, 'Oh yeah, we'll take care of them. We're working with the governor. We're working with the governor. It's a terrible thing.' At least 24 people have died in Kerr County, Texas, after severe flooding inundated the area, according to County Sheriff Larry Leitha. Update: Date: 12 min ago Title: More than 20 campers unaccounted for, more than 200 people rescued across Kerr County, officials say Content: Between 23 and 25 people at Camp Mystic in Kerr County, Texas, are still unaccounted for following severe flooding in the region, authorities said Friday night. Early Friday morning, about 107 game wardens and an aviation group tried to access the camp, according to officials. Shortly after midday, they were able to enter the camp and start rescuing children. Authorities were in contact with about 18 camps along the Guadalupe River and said Camp Mystic was the only camp with people still unaccounted for as of Friday evening. 'The far majority of those camps have their campers and have already contacted their families and working to reunite those families together,' Nim Kidd, chief of the Texas Division of Emergency Management, said at a news conference Friday. 'We are focused on the ones that cannot help themselves right now, and that is our primary area of concern.' More than 200 people have been rescued across Kerr County, and emergency response efforts are still underway. 'As of a few hours ago, we had rescued or evacuated 237 people and 167 of those were by helicopter,' Major General Thomas M. Suelzer said at a news conference Friday night. 'So we are having a very good helicopter response when the weather allows.' On Saturday, personnel will be sent to help manage evacuee shelters with tracking efforts to help confirm those located to date, he added. Suelzer said three additional helicopters are also on the way to help support the community. Update: Date: 12 min ago Title: Texas Gov. Greg Abbott issues disaster declaration following deadly flooding Content: Texas Gov. Greg Abbott said Friday he has issued a disaster declaration after severe flooding left at least 24 dead and more than 20 missing in the state. The declaration was issued for several of the hardest hit counties in central Texas: Bandera, Comal, Concho, Gillespie, Kendall, Kerr, Kimball, Llano, Mason, McCullough, Menard, Reeves, San Saba and Tom Green. It will ensure the counties 'are going to have access to every tool, strategy, personnel that the state of Texas can provide to them, which will be limitless,' he said. 'We'll put in everything we have in the entire state,' Abbott said.
