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
- Trump targets ‘retirement gap’ with new executive order
- Younger investors are engaged and advisors must adapt
- Plugging the hidden budget leaks of retirement
- Hagens Berman: Retired First Responders Sue Washington State over Rights to $3.3B Pension Funds Threatened by Lawmakers
- Financially support your adult children without risking your future
More Advisor NewsAnnuity News
- A new opportunity for advisors: Younger indexed annuity buyers
- Most employers support embedding guaranteed lifetime income options into DC Plans
- InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
- FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
- Zinnia’s Zahara policy admin system adds FIA chassis to product library
More Annuity NewsHealth/Employee Benefits News
- SchoolCare ordered to continue covering Dover school employees
- Her husband died. Her fight for his Medicaid coverage continued
- Mayo treated his cancer, but insurance denied coverage, leaving him with $76K in medical bills
- Waterloo woman charged with using dead relative's Social Security payments
- Nashville Attorney, Cody Allison, Invited to Present on Strafford National Panel as ERISA Disability Benefits Expert
More Health/Employee Benefits NewsLife Insurance News
- Ann Heiss
- Convertible market dynamics and the portfolio implications for insurers
- Finalists announced for Lincoln's 2026 Best Places to Work
- Investors Heritage Promotes Anna Reynolds to Senior Vice President and General Counsel
- AM Best Affirms Credit Ratings of Old Republic International Corporation’s Subsidiaries
More Life Insurance News