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Reply to "Big Beautiful Bill"
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[quote=Anonymous]The second largest cut in Medicaid affects people who are on both Medicare and Medicaid, 1.3 million of whom will likely lose Medicaid benefits. These are people who are either elderly or have been disabled for at least 2 years, whose assets are less than $10,000, and whose incomes are less than around $14,000 for an individual. A third of people enrolled in ACA will lost access to healthcare. KFF also gives as an example someone in Texas who expects to earn $15,500 in a year, so is eligible for ACA coverage and premium tax credits. When the year ends, it turns out they made $1000 less. Now they will have to repay about $6000 in premium tax credits. That will likely eat up any EIC for a few years at least. If your 155,000/yr job ended up making you only 145,000, would you suddenly owe the government $60,000? [/quote]
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