Rob Schofield: 'Big, beautiful bill' will bankrupt and kill North Carolinians
These are fraught times in
And yet, it's also undeniably true that some of the changes coming to the American social contract as a result of
Nearly 12 million people across the nation and hundreds of thousands in
The proponents of the legislation allege that it will merely root out "waste, fraud and abuse" in these programs, but as even
A report from his office estimates
And so it is that a huge number of people are quite understandably terrified about what the future holds — both for their own personal financial wellbeing and, indeed, for their life expectancy as the new law takes effect.
This fact was powerfully exemplified last week at a press event in
Fortunately for them, Oliver's tiny size — she described him as a "nano-preemie" — qualified as a disability for Medicaid purposes and their family's financial future was rescued as a result.
"Medicaid changed my family's life," Wertenberg said.
Wertenberg's gratitude for Medicaid was echoed by a lifetime
"I can't say it more clearly than this: These cuts could cost me my life," Upchurch observed.
Similar stories will no doubt abound when it comes to hunger and nutrition. Unless state and local governments somehow find hundreds of billions of dollars to fill the gap caused by the SNAP cuts, food assistance will quickly dry up for millions. This is especially worrisome given the fact that huge numbers of children gain eligibility for free school meals by virtue of their family's enrollment in SNAP.
Of course, many proponents of Trump's big bill will tell you they have no intention of cutting off people like Maddie, Crystal and hungry school children. Unfortunately, when experts run the numbers, such arguments are quickly exposed as simply not credible.
Like it or not, the massive Medicaid cuts contained in the legislation will, in fact, make it inevitable that vast numbers of people with stories very similar to Maddie's and Crystal's will be sentenced to crippling debt and/or premature death. After all, that's what happened in
Similarly, the SNAP cuts will cause hundreds of thousands of food-insecure people to fall deeper into the abyss of hunger and poverty.
Given this reality, it's no wonder that so many people already living on the edge are experiencing one of the worst immediate impacts of the mega-bill's passage: simple terror over what their future holds.
And the utter cruelty involved in intentionally giving rise to such a situation is almost impossible to overstate.



Trump’s new attack on Powell for stifling the housing market: "Lower rates, ‘Tardy’!"
Pritzker seeks more regulatory authority over homeowners insurance business
Advisor News
- Two lessons career changers wish they knew before starting the CFP journey
- Americans less confident about retirement as worries grow
- 6 in 10 Americans struggle with financial decisions
- Trump bets his tax cuts will please Las Vegas voters on his swing West
- Lifetime income is the missing link to global retirement security
More Advisor NewsAnnuity News
- CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace
- Axonic Insurance Annuities, Built for Banks, Broker-Dealers and RIAs, Now Available through WealthVest.
- Allianz Life Adds New Accumulation-Focused Fixed Index Annuities
- Allianz Life adds new accumulation-focused FIAs
- Industry objects to ‘tone and tenor’ of draft NAIC Annuity Buyer’s Guide
More Annuity NewsHealth/Employee Benefits News
- Union County received $225K refund for health care claim surplus
- Georgia Dems decry steep drop in ACA enrollment
- How to make a high-deductible health plan work for you
- Molina Healthcare Inc. (NYSE: MOH) Sees Notable Increase in Thursday Morning Market Activity
- Private Medicare plans get a break
More Health/Employee Benefits NewsLife Insurance News
- SBLI Enhances its OmniTrak Term to Deliver Faster Decisions, More Client Coverage, and Improved Pricing
- Life insurance premium surges, but coverage is still falling short for many
- Allianz Life Study Finds Fear Of Running Out of Money Over Death At Record High
- AM Best Affirms Credit Ratings of The Tokio Marine and Nichido Fire Insurance Company (China) Limited
- CMFG Life Insurance Company Trademark Application for “ADVANTEDGE ANALYTICS” Filed: CMFG Life Insurance Company
More Life Insurance News