From the Alliance for Retired Americans:
The recently passed Republican tax and budget law will automatically slash $491 billion from Medicare between 2027 and 2034 unless Congress takes action, according to a new report from the Congressional Budget Office.
Payments to all Medicare providers, prescription drug, and Medicare Advantage plans will be cut by four percent, and some providers will likely limit services for Medicare beneficiaries or even stop treating Medicare patients altogether if funding is not restored.
Congress would have to waive the Pay-As-You-Go (PAYGO) budget rule, which requires lawmakers to implement across-the-board cuts when the federal deficit…
