Trump’s tax reduction could mean a reduction of almost half a billion dollars to Medicare from 2027, CBO warns CBO

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 has shown how Trump’s tax and signature expenditure law could exert new pressures on federal programs that are American social security societies.

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.

The Democrats, who asked for CBO analysis, jumped 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 from the country’s rural regions are already struggling with Medicaid cuts, which is available for low -income people, and Medicare cuts 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.