10 million more people will be uninsured because of Trump's mega-package, CBO forecasts
The projection reflects last-minute alterations to the Senate legislation that changed the CBO's prior forecast that 11.8 million more people would be uninsured in a decade. (The Senate version of the 'big, beautiful bill' ultimately became the law.)
Just before it approved its version of the bill, the Senate yanked a provision that would have reduced federal Medicaid support for states that use their own funds to provide undocumented residents and others with health insurance similar to Medicaid. The CBO's prior coverage loss estimate included 1.4 million people in such state programs.
Separately, the CBO has projected that an additional 5.1 million more people would be uninsured in 2034 due to the expiration of the enhanced Affordable Care Act premium subsidies that are set to lapse at year's end, as well as a rule proposed by the Centers on Medicare and Medicaid Services governing Obamacare enrollment and eligibility. (The rule has since been changed and finalized, but CBO has yet to update that part of its estimate.)
Although the CBO's latest estimate did not break down the impact of different provisions in the law, it previously provided details of the House-passed version, which has some differences.
The Medicaid provisions are expected to drive the most loss in coverage by far. Some 7.8 million more people would be uninsured in 2034 due to the changes, with 4.8 million of them being affected by the addition of work requirements for many low-income adult enrollees who gained coverage under Medicaid expansion, according to the CBO's review of the House bill.
(The final law extends the requirement to work, volunteer, enroll in classes or attend job training for at least 80 hours a month to parents of children ages 14 and older. The House bill exempted parents of dependent children.)
Other Medicaid provisions that are expected to result in coverage loss include requiring more frequent eligibility reviews of Medicaid expansion enrollees, delaying implementation of two Biden administration enrollment and eligibility rules, and barring states from levying new or increased taxes on health care providers, according to the CBO's review of the House bill. (The final law also reduces the cap on provider taxes in expansion states.)
The CBO estimate released Monday reaffirmed its earlier forecast that the mega-package is expected to increase the deficit by $3.4 trillion over the next decade when compared with current law, under which the individual income tax provisions of the 2017 tax cuts law would have expired at year's end.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Analysis-Out-gunned Europe accepts least-worst US trade deal
By Mark John LONDON (Reuters) -In the end, Europe found it lacked the leverage to pull Donald Trump's America into a trade pact on its terms and so has signed up to a deal it can just about stomach - albeit one that is clearly skewed in the U.S.'s favour. As such, Sunday's agreement on a blanket 15% tariff after a months-long stand-off is a reality check on the aspirations of the 27-country European Union to become an economic power able to stand up to the likes of the United States or China. The cold shower is all the more bracing given that the EU has long portrayed itself as an export superpower and champion of rules-based commerce for the benefit both of its own soft power and the global economy as a whole. For sure, the new tariff that will now be applied is a lot more digestible than the 30% "reciprocal" tariff which Trump threatened to invoke in a few days. While it should ensure Europe avoids recession, it will likely keep its economy in the doldrums: it sits somewhere between two tariff scenarios the European Central Bank last month forecast would mean 0.5-0.9% economic growth this year compared to just over 1% in a trade tension-free environment. But this is nonetheless a landing point that would have been scarcely imaginable only months ago in the pre-Trump 2.0 era, when the EU along with much of the world could count on U.S. tariffs averaging out at around 1.5%. Even when Britain agreed a baseline tariff of 10% with the United States back in May, EU officials were adamant they could do better and - convinced the bloc had the economic heft to square up to Trump - pushed for a "zero-for-zero" tariff pact. It took a few weeks of fruitless talks with their U.S. counterparts for the Europeans to accept that 10% was the best they could get and a few weeks more to take the same 15% baseline which the United States agreed with Japan last week. "The EU does not have more leverage than the U.S., and the Trump administration is not rushing things," said one senior official in a European capital who was being briefed on last week's negotiations as they closed in around the 15% level. That official and others pointed to the pressure from Europe's export-oriented businesses to clinch a deal and so ease the levels of uncertainty starting to hit businesses from Finland's Nokia to Swedish steelmaker SSAB. "We were dealt a bad hand. This deal is the best possible play under the circumstances," said one EU diplomat. "Recent months have clearly shown how damaging uncertainty in global trade is for European businesses." NOW WHAT? That imbalance - or what the trade negotiators have been calling "asymmetry" - is manifest in the final deal. Not only is it expected that the EU will now call off any retaliation and remain open to U.S. goods on existing terms, but it has also pledged $600 billion of investment in the United States. The time-frame for that remains undefined, as do other details of the accord for now. As talks unfolded, it became clear that the EU came to the conclusion it had more to lose from all-out confrontation. The retaliatory measures it threatened totalled some 93 billion euros - less than half its U.S. goods trade surplus of nearly 200 billion euros. True, a growing number of EU capitals were also ready to envisage wide-ranging anti-coercion measures that would have allowed the bloc to target the services trade in which the United States had a surplus of some $75 billion last year. But even then, there was no clear majority for targeting the U.S. digital services which European citizens enjoy and for which there are scant homegrown alternatives - from Netflix to Uber to Microsoft cloud services. It remains to be seen whether this will encourage European leaders to accelerate the economic reforms and diversification of trading allies to which they have long paid lip service but which have been held back by national divisions. Describing the deal as a painful compromise that was an "existential threat" for many of its members, Germany's BGA wholesale and export association said it was time for Europe to reduce its reliance on its biggest trading partner. "Let's look on the past months as a wake-up call," said BGA President Dirk Jandura. "Europe must now prepare itself strategically for the future - we need new trade deals with the biggest industrial powers of the world." (Additional reporting by Jan Strupczewski in Brussels; Christian Kraemer and Maria Martinez in Berlin; Writing by Mark John; Editing by Nick Zieminski) Sign in to access your portfolio
Yahoo
26 minutes ago
- Yahoo
Mike Johnson says Ghislaine Maxwell coming clean on Epstein case would be ‘a great service to the country'
Speaker Mike Johnson called on Jeffrey Epstein's accomplice, Ghislaine Maxwell, to come clean and told Americans that he "hoped" she could be trusted as he faces the growing uproar around the White House's handling of the investigation. Johnson appeared Sunday on NBC's Meet the Press, where moderator Kristen Welker asked him point-blank if the convicted sex-trafficker girlfriend of Epstein could be trusted to accurately testify about the crimes she and Epstein committed. Epstein was awaiting prosecution for sex trafficking underage girls after a previous conviction on similar charges when he died in federal custody. Maxwell has been thrust back into the spotlight as the MAGA base has grown frustrated with President Donald Trump and his administration's shutting down of the so-called Epstein files release. Last week, a top Department of Justice official met with Maxwell about the case. "Well, I mean, look; it's a good question. I hope so," Johnson told Welker in response. "I hope that she would want to come clean." "I hope she's telling the truth. She is convicted, she's serving a 20-year sentence for child sex trafficking. Her character is in some if she wants to come clean now, that would be a great service to the country. We want to know every bit of information that she has." The House Oversight Committee voted this week to issue a subpoena for Maxwell after the Justice Department announced its own plans to speak with her. Agency officials did so for nine hours between Thursday and Friday, after making a statement seeming to confirm that her testimony hadn't been aggressively sought before. Some have called Maxwell to testify and suggested she should be given a pardon for sharing what she knows about the Epstein case. She was convicted of sexual abuse against minors and sex trafficking for helping Epstein carry out crimes. Johnson touted the Oversight subpoena favorably Sunday, casting it as evidence that GOP leadership supported efforts aimed at transparency. The Trump administration turned speculation about Epstein's death and the so-called 'Client List' of his co-conspirators into a raging wildfire in early July. The Justice Department and FBI published a joint memo explaining that future releases from the files would not take place, and that the list of Epstein's accomplices was not found. Epstein was rumored to have cultivated personal relationships with many powerful men and institutions. Critics of the president have alleged that a cover-up is in the works regarding the Epstein files. Democrats have hammered the president for his reversal, and a pair of scoops from the Wall Street Journal have reported on the president's connections to Epstein, to Trump's fury. The newspaper reported the contents of a message allegedly penned by Trump to Epstein as part of a 50th birthday celebration in 2003, including allusions to a shared 'secret' between them. Trump firmly denied authoring the note, and sued the Journal and its reporters in response. A second article from the Journal days later reported that Attorney General Pam Bondi informed Trump in May that he was mentioned in the Epstein investigation multiple times, but it was not clear in what context. The White House called that story 'fake' and has repeatedly insinuated that Democrats including Joe Biden tampered with evidence while Trump was out of office. Being mentioned in the files does not mean wrongdoing, and hundreds of names are reportedly included. The lead GOP co-sponsor behind a House resolution that would force the Justice Department to release the entirety of its collected evidence related to Epstein said Sunday that his push was to help the convicted pedophile's victims and would only grow stronger in the coming weeks. Earlier on the same network, Rep. Thomas Massie appeared alongside the resolution's lead Democratic co-sponsor, Rep. Ro Khanna, as the two promoted a resolution that would force Attorney General Pam Bondi to release 'all unclassified records, documents, communications, and investigative materials' related to the Epstein and Maxwell investigations. Massie told Welker that 'the release of the Epstein files is emblematic of what Trump ran for' and explained that the president's MAGA base expected results. 'There seems to be a class of people beyond the law, beyond the judicial all thought that when Trump was elected, he would be the bull in the china shop and break that all up,' said Massie. Massie went on to say that the Trump administration had lost his trust on the issue after publicly supporting transparency around the investigation, then doing an abrupt about-face. The administration is now calling on its supporters to move on from the issue and focus on hashing out issues with the 2016 'Russiagate' investigation instead of Epstein. Top administration officials, including Vice President JD Vance, also spent months calling for the very releases the Justice Department says it won't authorize. 'People who were allegedly working on this weren't sincere in their efforts,' Massie said. 'Somebody should ask Speaker Mike Johnson, why did he recess Congress early so that he didn't have to deal with the Epstein issue?' 'Politics is the art of the doable. There's enough public pressure right now that we can get 218 votes and force this to a vote on the floor,' said Massie. He also firmly rejected a DOJ memo explaining the administration's position against further releases of information from the Epstein files, despite the very public promises of Bondi and others to do the opposite. In the memo, agency officials said that explicit imagery involving children was 'intertwined' throughout the files collected by the Justice Department. Some have said the files should not be released to protect sex-abuse victims of both Maxwell and Epstein. 'That's a straw man [argument],' Massie responded on Sunday, after Welker read part of the memo. 'Ro [Khanna] and I carefully crafted this legislation so that the victims' names would be redacted, and that no child pornography will be released.'


NBC News
28 minutes ago
- NBC News
Rep. Ralph Norman announces bid for South Carolina governor
Rep. Ralph Norman, R-S.C., a member of the hard-right Freedom Caucus, announced on Sunday that he is running for governor, looking to succeed GOP Gov. Henry McMaster, who cannot run for re-election due to term limits. Norman has at times been a thorn in GOP leadership's side, particularly on sweeping spending bills. Norman was also one of the few House lawmakers not to endorse President Donald Trump in the presidential primary, instead backing former United Nations Ambassador Nikki Haley's presidential campaign. He praised Trump during his announcement, saying his actions would make him one of the "greatest" presidents. "What he did to wipe out the world's, the terror of Iran, what he did, the courage that he had to do what he did is going to put him on the annals of the greatest presidents we have ever had," Norman said. "And I believe that South Carolina needs that same kind of leadership right now, which is why I'm here to announce I'm running to be the 118th governor of South Carolina." "I'm running for governor to shake things up," he added, amid cheers of "Ralph! Ralph! Ralph!" Norman said he would work to pass term limits for state legislators, a message that was emblazoned in front of his microphone: "Term limits. Clean up Columbia." Haley previously served as South Carolina's governor and she endorsed Norman's gubernatorial campaign on Sunday, according to a press release from his campaign. Several GOP contenders have already announced their bids, including Alan Wilson, the state's attorney general; and Pamela Evette, the state's lieutenant governor.