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Elder Planning Isn't Just For The Elderly

New health care cuts will likely affect Medicaid

Last week, most media attention was paid to former FBI Director James Comey and his public hearing in front of the Senate regarding the Russian probe. But also going on at the was a hearing with Tom Price, Health and Human Services Secretary as he discussed possible effects of President Donald Trump's American Health Care Act.

Specifics within the Act could be troubling for the millions of Americans who rely on Medicaid. According to the non-partisan Congressional Budget office, the Act will cut as much as $880 billion dollars from health care and social services. Price denied that the cuts would affect Medicaid, stating that the program would be more responsive to those currently under Medicaid, and that millions would not lose their Medicaid coverage.

Many politicians are very uncertain about how this will affect many Americans, and have doubts about the claims from Trump's administration. One stated that the American Health Care Act uses deep cuts and fake math, adding that it is mean-spirited and not good for America.

It still remains to be seen whether the act will be passed as is, or if there will be changes made before it attempts to go through. Regardless, if you are on Medicaid or believe that you may qualify, it would be in your best interest to not waste time in moving forward with Medicaid planning. We do not know what will happen in the future, but the longer you wait, the potentially harder it could be or the more you could be affected by the potential changes on the horizon.

Source: Wired, "Health Care Cuts Get Their Own Hearing On Capitol Hill," By Megan Molteni, June 8, 2017

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