The One Big Beautiful Bill, signed by President Trump, leads to approximately $8 billion in cuts to New York's hospitals and healthcare systems. An estimated 34,000 hospital jobs and 29,000 related jobs will be lost, with significant economic impacts totaling $14.4 billion. Governor Kathy Hochul anticipates that around 8,500 healthcare workers in Brooklyn could lose jobs without adequate funding. Additionally, 1.5 million New Yorkers stand to lose their health insurance, with vital services such as maternity and psychiatric care set to be curtailed or eliminated entirely.
"About $8 billion in cuts to New York's hospitals and health care systems are expected, according to analysis from the Greater New York Hospital Association (GNYHA) and the Healthcare Association of New York State (HANYS)."
"1.5 million individuals in New York will lose their health insurance."
"Hospitals will need to curtail critically needed services such as maternity care and psychiatric treatment, not to mention to downsize operations, and even close entirely, Hochul said."
"This bill's massive Medicaid cuts and health insurance eligibility restrictions will do enormous damage to New York State and its hospitals."
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