‘Tip of the iceberg’: nearly 500,000 New Yorkers lose health insurance due to Trump cuts
Summary
Nearly 500,000 moderate-income New Yorkers will lose their health insurance on July 1 because of government spending cuts in a Republican-led law called HR 1, passed about a year ago. This is part of larger changes that could cause over a million people in New York state and 10 million people nationally to lose coverage over the next decade.Key Facts
- HR 1 is a law passed by Republicans that cut $911 billion in government health spending nationwide.
- As a result, New York’s “essential plan,” which helped moderate-income residents get low-cost health insurance, lost funding and will end on July 1.
- About 500,000 New Yorkers in moderate-income groups will lose this health coverage soon.
- The essential plan covered people earning between 200% and 250% of the federal poverty level (up to about $39,900 for a single person).
- Many families may not be able to afford other health plans and might choose to go without insurance.
- State lawmakers did not provide new funding to save the essential plan.
- Analysts predict 1.1 million people in New York could lose insurance by 2034 due to HR 1 and 10 million people nationwide may also become uninsured.
- New rules for Medicaid work requirements are expected to make it harder for some people to keep coverage.
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