Washington D.C. - President Trump's budget proposal is projected to have a significant impact on healthcare coverage and the national debt, according to a new report released by the Congressional Budget Office (CBO). The CBO estimates that the budget would increase the federal deficit by $2.4 billion.
Furthermore, the report states that approximately 10.9 million Americans would lose health insurance coverage under the proposed budget. This decrease in coverage is attributed to changes in Medicaid and the Affordable Care Act (ACA) provisions within the budget.
The CBO report analyzes the budget's proposed spending cuts and tax reforms, projecting their impact on various sectors of the economy. The estimated loss of health insurance coverage raises concerns about access to healthcare for vulnerable populations. The budget's impact on the deficit is also expected to be a point of contention during congressional debates. The White House has yet to respond to the CBO's findings.
CBO: Trump Budget Plan to Leave Millions Without Health Insurance
A new report from the Congressional Budget Office (CBO) projects that President Trump's proposed budget would significantly increase the federal deficit. The CBO estimates the deficit would rise to $2.4 billion. The report also indicates that nearly 11 million Americans could lose health insurance coverage under the proposed budget. These findings are likely to fuel debate over the budget's impact on healthcare access and the national debt.
Source: Read the original article at CBS