Republicans are cutting Medicare. They don't want you to know.
When Republicans passed Donald Trump's "Big Beautiful Bill" (which is anything but), they knew that up to 17 million Americans would lose their healthcare. Much of that is attributed to Medicaid cuts and the refusal to renew subsidies for the Affordable Care Act, which is skyrocketing premiums for private health insurance.
What they don't want you to know is that Medicare cuts were part of the deal – just not on paper.
Medicare provides affordable health insurance to Americans 65 years old or older. Americans could see half a trillion dollars in Medicare cuts between 2027 and 2034. And isn't that a convenient timeline? All of these devastating cuts don't click into place until after the 2026 midterm elections.
Our Congressmen – Senators Daines and Sheehy, Reps. Zinke and Downing – knew this would happen. A 2010 law requires broad cuts to federal programs if legislation is passed that raises the national deficit. The "Big Beautiful Bill" raises the debt by $3.4 TRILLION.
If Congress refuses to intervene, these sweeping Medicare cuts will go into effect.
Republicans swore up and down that they wouldn't cut Medicare. Zinke even touted the lack of obvious Medicare cuts after the bill passed. Either Republicans knew Medicare would get cut on the back end, or they don't know how to do their jobs. Both are concerning.
Under Republican leadership, Grandma and Grandpa will get worse healthcare for higher prices.
5 questions surrounding ousted Fed governor Lisa Cook
Housing crisis should be job for Congress Housing crisis should be job for Congress
Advisor News
- Americans’ sense of overall prosperity still ticks upward
- Turning expanded eligibility into a better coverage plan for federal clients
- Election 2026: Which of Berkeley's 7 ballot measures will pass?
- How advisors can help frugal retirees finally enjoy their savings
- Wealth planning vs. estate planning: Honoring your client’s wishes
More Advisor NewsAnnuity News
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
- Why the market doesn’t need more carriers
- Equitable, Corebridge steam toward merger with strong Q3 annuity sales
- Jackson Announces New Annuity Offering for AARP Members
More Annuity NewsHealth/Employee Benefits News
- Take 5: What You Need to Know About Open Enrollment and the Affordable Care Act
- As WA open enrollment begins, far fewer than expected have lost coverage
- Genworth Financial Announces Third Quarter 2026 Results
- The No Surprises Act Stopped Surprise Billing; Now Patients and Employers Are Paying in Other Ways
- CVS will spin off Aetna after 8 years. What it means for Hartford
More Health/Employee Benefits NewsLife Insurance News
- U-Haul Holding Company Reports Second Quarter Fiscal 2027 Financial Results
- Genworth Financial Announces Third Quarter 2026 Results
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Why the market doesn’t need more carriers
- Unum Group Reports Third Quarter 2026 Results
More Life Insurance News