Washington (AP) – Federal budget deficits caused by President Donald Trump tax on tax and expenses could trigger automatic cuts to health insurance if the congress does not act, the non-partisan Congress budget office reported on Friday.
The CBO estimates that Medicare, the Federal Health Insurance Program for Americans over 65, could potentially see up to $ 491 billion in 2027 to 2034 if the congress does not act to mitigate a 2010 law which obliges the reductions of many federal programs once the legislation increases the federal deficit. The latest CBO report showed how Trump’s tax and signature expenditure could exert new pressure on federal programs that are US Social Security Bouettes.
Trump and the Republicans have undertaken not to reduce maladie as part of the legislation, but the 3.4 billions of estimated dollars that the law adds to the federal deficit in the next decade means that many medication programs could still see reductions. In the past, the Congress has always acted to alleviate the discounts of Medicare and other programs, but it would take bipartite cooperation to do so.
Democrats, who asked for CBO analysisjumped on potential cuts.
“The Republicans knew that their fiscal reductions for the billionaires would force more than half a bill of dollars in Medicare discounts – and they did it anyway,” said representative Brendan F. Boyle, the best democrat of the Chamber’s Budget Committee, in a statement. “American families simply cannot afford Donald Trump’s attacks on Medicare, Medicaid and Obamacare.”
Hospitals in the country’s rural regions are Already in the grip With Medicaid cuts, which is available for low -income people, and Medicare Cups could exacerbate their shortcomings.
While the Republicans have muscled the bill by the congress and now sell it to voters at home, they were very critical of the way CBO analyzed the bill. They also argued that tax reductions will stimulate economic growth and have stressed $ 50 billion in funding for rural hospitals that have been included in the package.
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