Surprise, Surprise, Surprise! The Republicans are Coming for Medicaid AND Medicare
Congressional Budget Office Finds $500 Billion in Medicare Cuts
Suppose you get your news from cable television. In that case, your options range from left-leaning media telling you their version of the truth to right-wing media promoting the administration despite what your eyes are telling you. One example is the “One Big Beautiful Bill” (OBBB), which proposes to extend the 2017 tax cuts set to expire and provide additional tax cuts. The bill, still under development, includes cuts to Medicaid and is expected to raise the national debt by trillions of dollars. If only there were some credible neutral party to help sort things out and provide an honest estimate of the impact of legislation.
There is one source: the Congressional Budget Office (CBO), a federal agency within the legislative branch that provides budget and economic information to Congress. The CBO offers a bipartisan analysis to the House and Senate Budget Committees. It gives “scoring” on almost all proposed bills with a financial impact…
