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InnovationRx: Millions Would Lose Health Insurance Under Republican Budget Bill
A devastating report from the nonpartisan Congressional Budget Office (CBO) reveals a staggering 11.8 million more Americans would lose their health insurance under the proposed Republican budget bill, exacerbating an already precarious healthcare situation in the United States. The CBO analysis highlights the alarming implications of the GOP’s Medicaid cuts, which would slash federal spending on the program by over $1 trillion by 2034.
These draconian cuts are set to devastate not only those who will lose their health insurance coverage but also rural hospitals and healthcare providers. The proposed changes would result in significant coverage losses, restrict access to care for patients in rural areas, and imperil the viability of these facilities. The impact on low-income Americans, particularly blue-collar workers nearing retirement age, would be catastrophic.
The Republican budget bill’s Medicaid cuts are a stark reminder that policymakers must prioritize healthcare equity and address the staggering disparities in healthcare accessibility across the country.
Source: www.forbes.com
