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What’s truthful about investing within the collapse of healthcare?
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On the White Home balcony, speaking all the way down to the crowds like a medieval European king, Donald Trump defined that his invoice was really nicely favored regardless of what you’ve heard, learn, and even thought. In the meantime, Republican representatives have been busy promoting shares tied to Medicaid regardless of their repeated claims that the brand new invoice would haven’t any impact on Medicaid.
Trump’s mega invoice has been criticized for its tax cuts to firms and rich folks. These tax cuts are believed to seemingly trigger the federal government to have a much bigger hole between expenditure and the income collected — inflicting extra borrowing and a worrying deficit. However for normal People who simply wish to dwell a dignified life, the primary concern appears to be what it’ll do to healthcare.
Thousands and thousands are anticipated to be faraway from Medicaid because of the strenuous added paperwork and new minimal work necessities. With such grave considerations, People have been taking part in ballot after ballot, and one urged that 85% of Democrats have been towards the invoice, with even a big 36% of Republicans additionally towards it. 71% of independents added their voice, additionally discovering the invoice unfavorable. Regardless, Trump claimed, “It’s the preferred invoice ever signed within the historical past of our nation.”
Trump overtly lies: “It is the preferred invoice ever signed within the historical past of our nation.” (Polls present that the invoice is definitely about 20 factors underwater.) pic.twitter.com/5YTog8dZG4
— Aaron Rupar (@atrupar) July 4, 2025
Medicaid is clearly one of many primary causes for the invoice’s unpopularity. Trump’s administration has publicly claimed that there might be no impact on it due to the invoice — as a result of apparently, they’ll simply make Medicaid extra brisk. However many consultants have expressed fear about how the invoice will result in profit losses, rural hospital closures, and destructive results on People with disabilities.
Lawmakers like Elizabeth Warren have heard these calls and have been sounding the alarm and making use of stress from the highest since day one. Sen. Warren, in truth, known as out a regarding report that Rep. Robert Bresnahan was promoting Centene inventory simply earlier than the invoice handed. When the invoice finally handed, Centene dropped by 43%.
Defending his inventory portfolio whereas ripping away well being care from 17 million People.
That is Washington at its worst.
We have to ban Congressional inventory buying and selling. https://t.co/4Lr5DqcRo1
— Elizabeth Warren (@SenWarren) July 3, 2025
Centene is an organization which, though not excellent, serves as the federal government’s intermediary for dealing with medical insurance coverage. In a state of affairs the place they’ll have fewer folks insured, they’ll clearly be able to earn much less cash — due to this fact, the corporate might be value much less within the inventory market. Sen. Warren instantly known as for a ban on Congressional inventory buying and selling.
As People enter a brand new world the place extra folks, when sick, will wrestle much more to maintain up with their medical payments, representatives are so cynical and out of contact that they’re nonetheless attempting to determine how you can weasel a manner into the state of affairs they’ve induced to additionally make themselves extra money.
Trump’s administration is filled with folks like Rep. Robert Bresnahan; they’re simply good at hiding behind tradition wars. Bresnahan has been entrance and heart pushing payments about trans ladies in sports activities, pretending equity is all he cares about.
In the meantime, as Trump stands on his balcony, wanting down on the nation and gaslighting folks about how the wealthy deserve much more tax cuts, the congressmen backing him are busy betting on how a lot they will revenue from the economic system tanking and healthcare collapsing.
What’s truthful about that?