Changes to the Affordable Care Act Marketplace are predicted to cause an average premium increase of nearly $1,300 annually. The One Big Beautiful Bill, signed into law, contains $1 trillion in cuts to Medicaid over the next decade. Experts warn up to 12 million people may lose health insurance by 2034 due to these cuts. Further, the financial strain could lead to closures of healthcare facilities dependent on Medicaid funding, adversely impacting patient care quality and increasing out-of-pocket costs for patients.
Changes to the Affordable Care Act Marketplace will result in premium costs increasing by an average of almost $1,300 annually, heavily impacting patients and healthcare costs.
Experts indicate the One Big Beautiful Bill may raise overall healthcare costs, as it includes roughly $1 trillion in cuts to Medicaid over the next decade.
Approximately 12 million people could lose health insurance by 2034 due to reductions in Medicaid and the Affordable Care Act marketplace, according to a Congressional Budget Office analysis.
Cuts to Medicaid will not only affect those dependent on it but also significantly harm hospitals and healthcare facilities that rely on Medicaid funding for their operations.
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