President Trump's megabill narrowly passed the Senate with a 51-50 vote, with Vice President Vance casting the tie-breaking vote. The House is set to vote on the package, which is expected to add $3.3 trillion to the budget deficit through 2034. The bill aims to cut $930 billion from federal spending on Medicaid and the Affordable Care Act. Currently, 26 million Americans are uninsured, a number projected to increase by a third due to the legislation's impact on health coverage gains made in recent years.
The legislation is expected to add $3.3 trillion to the U.S. budget deficit through 2034, with cuts impacting Medicaid and the Affordable Care Act.
Trump's 'One Big Beautiful Bill' aims to reduce federal spending on Medicaid and the Affordable Care Act marketplaces by approximately $930 billion over the next decade.
If passed, the bill would reverse many of the health coverage gains achieved during the Biden and Obama administrations, affecting millions' access to healthcare.
Currently, there are 26 million Americans without health insurance, and this bill is expected to increase that number by a third, according to estimates.
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