Overview

• National Economic Council director Kevin Hassett said the administration would consider Medicare cuts if senators identify waste, fraud or abuse in the program.
• Senate Republicans are revising the “One Big Beautiful Bill” to include major Medicaid reductions, deep tax cuts and possible Medicare adjustments.
• The nonpartisan Congressional Budget Office projects the bill will add $2.4 trillion to the national debt over the next decade and estimates more than 10 million Americans would lose health coverage under proposed Medicaid cuts.
• Senators Susan Collins, Lisa Murkowski and Josh Hawley have warned that new work requirements and benefit reductions could harm vulnerable low-income beneficiaries.
• Analysts warn that using a waste-fraud-and-abuse framework for Medicare could open the door to future cuts to Social Security.