President Trump Signs into Law the "One Big Beautiful Bill Act", Laying Foundation for Largest Medicaid Cuts in U.S. History
Source: POLITICO
On July 4th, President Trump signed into law the "One Big Beautiful Bill Act" also known at the budget reconciliation bill. The final bill, passed by the House on Thursday, delivered a $1 trillion-plus cut to health care programs and could lead to an estimated 11.8 million people losing their insurance.
Effects of this law will not be seen immediately at most provisions are not set to be effective until 2026, some not until 2028. Congressional Republican leadership is considering a potential second reconciliation effort this fall as GOP lawmakers eye another package to include legislative priorities that were dropped from the One Big Beautiful Bill Act. However, with FY 2026 government funding coming up this fall, it is unclear if there will be enough bandwidth to carry this out.
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