Proposed spending cuts loom over state
A pair of Republican-controlled committees in the
The proposed cuts would partly off set a separate package of proposed tax cuts totaling
One of the biggest blows would land on the
"It's terrifying, frankly," said
House Speaker
Proposed work requirement
However, the committee advanced options for imposing a work requirement and requiring more frequent review of eligibility, with both assuming that millions of Americans will fall out of the program.
The
The House Republican plan to let insurance premium tax credits expire after this year would cause 4.2 million Americans to lose their health insurance by 2034, and an additional 1.8 million would lose their coverage under other proposed rule changes, the CBO estimated.
Rep.
At the same time, the
"It's really bad," said
Food banks
The proposal would shift as much as 25% of the benefit cost to the state, depending on its error rate in eligible payments. Currently,
The proposed change would take effect in 2028, but Edner said, "No matter when it goes into effect, it's still devastating."
The potential damage would be felt beyond state government, hitting food banks, grocers and farmers working to provide healthy food to underserved communities.
"We are deeply concerned about the size of the cuts that they are proposing," said
"It's really important that SNAP as an anti-hunger program stays strong, so we can serve the hundreds of thousands of people who aren't eligible for SNAP," Oliver said Wednesday


Big bills, tough choices: proposed federal cuts threaten Va.
2025 STATUTORY FINANCIAL RESULTS – Q1
Advisor News
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
More Advisor NewsAnnuity News
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
More Annuity NewsHealth/Employee Benefits News
- 3 summer sales habits that build next year’s pipeline
- ADMINISTRATION POLICIES GO BEYOND 2025 REPUBLICAN RECONCILIATION LAW, DEEPENING ITS HARM
- STATE LEGISLATIVE SESSIONS HIGHLIGHT CHOICE BETWEEN PROTECTING COVERAGE AND DEEPENING HARM AFTER FEDERAL MEDICAID CUTS
- ICYMI: WISCONSIN ATTORNEY GENERAL JOSH KAUL JOINS LAWSUIT CHALLENGING NEW FEDERAL RULE GOVERNING AFFORDABLE CARE ACT HEALTH PLANS FOR 2027
- Coverage for nonprofit staff in sight
More Health/Employee Benefits NewsLife Insurance News
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
- ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
- Don't keep checks with clerical errors
- The insurance distributor that builds its own software will win the next decade
- iA Financial Group Reports Second Quarter Results
More Life Insurance News