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.


Resecurity and Braly Insurance Group Announce Strategic Partnership to Drive Innovation in Cybersecurity and Insurance Risk Management
Lehigh Valley insurance company acquired by national firm
Advisor News
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- Connecticut health insurance exchange shifts enrollment dates after federal changes
- Iowa health insurers propose premium increases for ACA customers
- NEW REPORT: THOUSANDS OF IOWANS FACING HIGHER HEALTH INSURANCE PREMIUMS NEXT YEAR THANKS TO ASHLEY HINSON
- RECAP: IOWANS CALL OUT ASHLEY HINSON FOR VOTING TO RAISE THEIR HEALTH INSURANCE PREMIUMS
- SENATOR MARSHALL INTRODUCES BILL REQUIRING INSURERS TO COVER RESTORATIVE CARE FOLLOWING HARMFUL GENDER TRANSITION PROCEDURES
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News