Trump's new law: 10 million Americans will lose health insurance!

Trump's new law: 10 million Americans will lose health insurance!

A new tax and spending bill released by President Donald Trump is causing major controversy in the United States. According to a recent report from the nonpartisan Congressional Budget Office (CBO), up to ten million Americans are expected to lose their health insurance in the next decade. The sweeping changes affect not only health care, but also the financial opportunities of the poorest Americans, whose income could fall by $1,200 a year.

The bill, which was passed by Trump's Republicans in the House of Representatives by a vote of 218 to 214, has sparked sharp reactions. While Republicans celebrated its passage as a success, Democrats described the law as a betrayal of the American people. There is talk of a “big beautiful bill” that is now ready for the president’s signature.

Massive cuts and consequences for supply

The law includes significant cuts to social services, particularly affecting the Medicaid programs that benefit low-income earners and people with disabilities. Critics warn that these cuts could cause unacceptable damage to the health system. Joan Alker, a health care expert, expresses alarm at the possible consequences and emphasizes that these measures are inadequate to meet the needs of those affected.

Additionally, eliminating programs like SNAP could save up to $185 billion. CBO experts also predict that the national debt could rise by more than $3.3 trillion by 2034. Despite the far-reaching tax relief totaling $4.5 trillion, which particularly benefits top earners, things look bleak for the bottom 60 percent of taxpayers.

Reactions and political implications

The American Hospital Association expressed disappointment with the bill and warned of a decline in medical care. Republican political responses, however, emphasize the supposed economic benefits, such as job creation and the ability to provide more people with health insurance. However, to avoid potential voter discontent, implementation of the measures could be delayed until after the 2026 midterms.

In addition, the child tax credit will be increased from $2,000 to $2,200. Newborns by 2028 should receive $1,000 in an index fund. Still, critics fear that these ostensibly positive aspects cannot disguise the massive cuts affecting the social safety nets of the poorest Americans.

Public and professional debate over the scope of these reforms will continue as President Trump plans to sign the bill into law on the national holiday. The coming weeks and months could be crucial in determining how the law's impact will affect citizens' lives.

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