President Trump Signs Budget and Tax Bill That Guts Health Care Millions of Older Americans Rely On to Pad Pockets of the Ultra-Wealthy

July 04, 2025

President Trump Indicators Price range and Tax Invoice That Guts Well being Care Tens of millions of Older People Rely On to Pad Pockets of the Extremely-Rich

The Republican Price range Reconciliation invoice was signed into legislation on Friday morning. The legislation consists of the biggest cuts to well being care and taxes in United States historical past, trillions in tax cuts for the wealthiest People and firms, and provides not less than $3.3 trillion to the nation’s deficit.

Alliance Government Director Richard Fiesta launched a press assertion detailing among the methods the laws will hurt older People, together with:

• The deep Medicaid cuts put 1.4 million nursing house residents in hurt’s manner. Greater than half of nursing properties must lower workers, and one in 4 could shut down completely — leaving households scrambling to offer look after family members.
• Low-income seniors and other people with disabilities can pay extra for pharmaceuticals and Medicare premiums, forcing them to decide on between well being care and different primary wants.
• 6.5 million older People may lose meals help resulting from a 20 p.c lower to the Supplemental Vitamin Help Program (SNAP).
• Accelerates Social Safety and Medicare insolvency by one 12 months.
• Creates a brand new loophole for drug firms that stops Medicare from negotiating decrease costs for some excessive price pharmaceuticals.
• 300 hospitals — particularly in small cities and rural communities — are vulnerable to closing or slashing companies, forcing People of all ages to journey farther and wait longer for care.
• As a result of the invoice will increase the deficit, it triggers $490 billion in cuts to Medicare over ten years, which is able to make it more durable for beneficiaries to get the care they want at a value they will afford since docs and hospitals could curtail companies or cease accepting sufferers with Medicare.

“Congressional Republicans and the President have turned their backs on the very folks they had been elected to serve,” stated Fiesta. “This invoice isn’t about reducing costs or serving to on a regular basis People — it’s about lining the pockets of billionaires and massive firms whereas ripping away important well being care and help from seniors, folks with disabilities, and dealing households. We won’t neglect how our representatives voted. We’ll make certain each older American is aware of what’s on this laws — and who to carry accountable for this debacle.”

This was initially printed within the July 4, 2025 version of the Friday Alert. Learn the total size model and see different Friday Alert editions right here.