Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Medicaid cuts coming in Trump budget: Washington Post

Published 05/21/2017, 07:15 PM
Updated 05/21/2017, 07:15 PM
© Reuters. Workers prepare for delivery printed President Donald Trump's FY2018 budget at the Government Publishing Office in Washington

WASHINGTON (Reuters) - U.S. President Donald Trump's budget proposal, set to be unveiled on Tuesday, will include cuts to Medicaid and propose changes to other assistance programs for low-income citizens, the Washington Post reported on Sunday.

The White House did not immediately respond to a request for comment.

A Republican healthcare bill that passed the U.S. House of Representatives in early May seeks to overhaul the national healthcare system and cut more than $800 billion over the next 10 years from Medicaid, the government health insurance program for the poor and disabled.

The healthcare bill faces a difficult time in the Senate, where Democrats and some Republicans worry about its impact on costs for low-income Americans, among other issues.

“In yet another broken promise to working people, President Trump's budget pulls the rug out from so many who need help," Senate Democratic leader Chuck Schumer said in a statement, in response to the report. "This budget is taking the fast lane to rejection by the American people and both parties in Congress"

The Post report said the White House would also give individual U.S. states more autonomy over a variety of anti-poverty poverty programs including the Supplemental Nutrition Assistance Program, or SNAP, the largest U.S. anti-hunger program, which was formerly called the food stamp program.

More than 44 million Americans received benefits from the SNAP program in February, according to the U.S. Department of Agriculture.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.