Medicare "cuts", it's 100% of Medicare, and big % of foodstamps as well. And increasing debt ceiling, seems like most of it will go to tax cuts for the rich.
Just to be precise, it's a cost equivalent of 100% of 2024 Medicaid (sorry, I typed the wrong one) spending, amortized over 10 years. Correct me if I'm wrong, but that doesn't mean it's cutting all of Medicaid at once, right?
It's still drastic, though. 10% every year means 100b in cuts to Medicaid. More money than what's allocated to the DoED
Medicaid spending was 15% higher in 2023 than in 2019, after adjusting for inflation. (40% before adjusting for inflation.) So a 10% cut would just bring it back to pre-pandemic levels.
