Medicaid Cuts: Hidden Costs and Economic Fallout
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Proposed Medicaid cuts risk harming the US healthcare system. The Congressional Budget Office estimates 10 million could lose insurance by 2034. While reducing federal spending, cuts will shift costs to hospitals, clinics, and individuals. Federally Qualified Health Centers (FQHCs), already operating on thin margins, face instability. Hospitals, acting as insurers of last resort, will shoulder increased uncompensated care, potentially leading to closures. Increased medical debt and bankruptcies are also expected, ultimately impacting the economy.
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