Let's call it what it is — the billionaire’s dream bill - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
July 12, 2025 Newswires
Share
Share
Post
Email

Let's call it what it is — the billionaire’s dream bill

The Bozeman Daily Chronicle

Sen. Steve Daines and Sen. Tim Sheehy just voted to gut healthcare and food assistance for tens of thousands of Montanans, thanks to the historic cuts to Medicaid, Medicare, the Affordable Care Act, and SNAP in Trump’s big, ugly bill.

You might be thinking, “Hey, that sounds tough for folks who rely on social safety net programs, but surely that won’t affect me.”

It will. Here’s how.

A recent report from the Montana Healthcare Foundation estimates 31,000 Montanans risk losing their health insurance if Trump’s dumpster fire, billionaire-first bill continues to make its way through Congress. Some reports estimate that as many as 16 million Americans could lose coverage nationwide.

When uninsured folks in Montana and beyond inevitably end up at the hospital or doctor’s office for one reason or another, the cost doesn’t just disappear into thin air. We’ll see higher premiums and medical costs as a result and more strain on our already stretched healthcare system.

Taxpayers will also help foot the bill.

Even if you don’t personally rely on Medicaid for health insurance, these cuts will have major impacts across the state. Hospitals, clinics and assisted living facilities risk closure and reduced services thanks to this bill, which could throw hundreds, if not thousands of people out of work, forcing rural Montanans to drive even farther to have a baby, go to the doctor’s office, or visit a grandparent.

This bill also threatens families struggling to put food on the table across the state. Thanks to Daines and Sheehy, Montanans are at high risk of losing food assistance, forcing working families and children to go hungry. The impacts of folks in our communities going hungry will have ripple effects dragging down local economies, student performance in schools, and beyond.

As if it weren’t enough, Daines and Sheehy also voted to:

• Increase energy costs (as if we needed that now with NorthWestern Energy increasing our rates, again).

• Potentially cut millions of clean energy and construction jobs.

• Blow up the national deficit despite their preaching about the importance of “fiscal responsibility”.

You might be wondering, who benefits from all of this? The answer is simple: The ultra-wealthy billionaires and the folks who own second and third mansions in our home state.

Trump and Republicans like Daines and Sheehy will go down in history for pushing forward one of the most disastrous pieces of legislation our country has ever seen.

Now it’s up to folks in the House to save working families in America.

Older

Insufficient fuel: Demorest Fire at risk

Newer

New Hampshire residents pay less for health insurance than any other state. Enjoy it while you can.

Advisor News

  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity News

Health/Employee Benefits News

  • Local drop in ACA coverage among highest in state
  • Agent groups speak out against congresswoman’s call to limit MA compensation
  • A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
  • Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits News

Life Insurance News

  • Why premium-financed IUL is failing
  • AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet