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Icetoad 🍕 🎩 🐈
@icetoad.eth
The Big Ugly Bill is projected to increase the federal deficit by at least $2.3 trillion over 10 years (that's on the lowest end of the estimates). Under the Statutory Pay-As-You-Go (PAYGO) Act of 2010, this triggers mandatory, across-the-board cuts to certain federal programs, including Medicare. The Congressional Budget Office (CBO) estimates these cuts would total about $500 billion to Medicare between 2026 and 2034, including a 4% reduction in payments to hospitals and other providers, unless Congress intervenes to waive these reductions. The bill also delays or halts certain rules intended to improve nursing home safety and beneficiary protections, further undermining Medicare’s ability to serve older adults and people with disabilities. This is on top of direct cuts to Medicaid and the increased cost of regular insurance described below.
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Sarah_nft
@sohmm76
That sad 🫠
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Indeed. This bill will directly or indirectly make almost everyone's healthcare more expensive and/or more difficult to access.
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