Even Angrier After Reading This [View all]

I read a lot of articles about hospital finance in my daily Beckers CFO / Hospital / Payer daily emails. Beckers is a hospital trade industry news website (non-partisan). It's just facts. I'm retired now but still get them in my personal email. I knew the tax cut would decimate Medicaid and Medicare but today read something in Beckers that really showed just how bad it is.

https://www.beckerspayer.com/payer/aca/the-cost-of-health-insurance-will-explode-insurers-hospitals-urge-aca-tax-credit-extension/?origin=CFOE&utm_source=CFOE&utm_medium=email&utm_content=newsletter&oly_enc_id=6600G4473978A6K

According to this if the ACA premium tax credits aren't extended the costs will be crazy. "“If the tax credit expires, a typical family of four making $64,000 would see their health care premiums increase by $2,600, an almost impossible amount for a household already stretched by rising costs,” the groups wrote. “For a 60-year-old couple with an income of $80,000, premiums would skyrocket by a staggering $17,500.”"

The artice also notes "A permanent extension could cost tax payers $335 billion over the next decade according to the CBO".

Now another article I read indicates that $1 TRILLION dollars of the overall cost of the tax cut goes as benefit to the top 1% of taxpayers. So for less than HALF of what the super super super rich 1% gets back, they could TOTALLY fund the ACA extension and make healthcare more affordable.

https://itep.org/top-1-to-receive-1-trillion-tax-cut-from-trump-megabill-over-next-decade/

The Office of Tax Analysis report breaks it all down.

https://home.treasury.gov/system/files/131/The-Cost-and-Distribution-of-Extending-Expiring-Provisions-of-TCJA-01102025.pdf

The report also notes that 60% of the total cost of the tax cut goes to the top 10% (those making over $217,000 a year).

The Center on Budget and Policy Priorities breaks it down well noting "Under the bill, the average family earning less than $50,000 would get under $300 in tax cuts in 2027, less than $1 a day, while the average tax filer earning $1 million or more a year would receive about $90,000 in tax breaks."

https://www.cbpp.org/research/federal-tax/by-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves#:~:text=Under%20the%20bill%2C%20the%20average,because%20of%20the%20Trump%20tariffs.

I like a lot of these articles (linked) because they have simple graphs and charts that anyone should be able to understand. It's a sick joke. When I see MAGA Mike Johnson and his Trump Loving Cronies on TV kissing up and saying how this super bill lets "people keep more of their hard earned money" I just get so angry. They are LIARS of the maximum magnitude. It makes me furious that they are basically allowed to completely lie with impunity and immunity. Honesty is just not in their vocabulary at all.

I hate them and what they're doing to America. It'll kill people and they could care less as long as their rich buddies get more money. It's just infuriating and I wish people in these Red states that voted for these people could pull their heads out of their dark place and figure it out. They are repeatedly screwing themselves. In the end they are the ones who will be hurt and they're welcoming it. It's disgusting.