H.R. 1 – One Big Beautiful Bill Act, amended by the Senate, passed the House and was signed into law on July 4th. This new legislation features the largest cuts to healthcare benefits (Medicaid and Medicare) in U.S. history. It also provides almost $1.3 trillion in tax cuts to the uber-wealthy and corporations, paid for by the most vulnerable Americans by way of $930 billion in cuts to Medicaid over the next 10 years.
In a fact sheet issued by the Alliance for Retired Americans, the ARA detailed some of the ways this legislation harms retirees.
The deep Medicaid…
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