Greg Cunningham: Trump’s One Big Beautiful Bill Enacted The Largest Cuts To Medicaid In History, Slashing Local Hospital Revenue, And Would Kick Nearly 40,000 People In NM-02 Off Their Health Insurance

July 2025: Trump Signed The One Big Beautiful Bill, Calling It “The Ultimate Codification Of Our Agenda”

July 4, 2025: Trump Signed The One Big Beautiful Bill. “President Trump on Friday signed a massive spending and tax bill that the White House has dubbed the ‘One Big Beautiful Bill’ to implement much of his domestic policy agenda. The bill passed Thursday after Republican leaders in the House of Representatives convinced holdouts in their own party to get in line behind the controversial legislation.” [NPR, 7/4/25]

June 2025: Trump Called The One Big Beautiful Bill “The Ultimate Codification Of Our Agenda To Very Simply Make America Great Again!” “The One Big Beautiful Bill will Secure our Borders, turbocharge our economy, and bring back the American Dream. This is the ultimate codification of our agenda to very simply Make America Great Again!” [Donald J. Trump, Truth Social, 6/26/25]

Image: see original report, p. 8

[Donald J. Trump, Truth Social, 6/26/25]

The One Big Beautiful Bill Made The Largest Cuts To Medicaid In The Program’s History

The Hill: Republicans Passed “The Largest Cuts To Medicaid Since The Program Began In The 1960s.” “Senate Republicans on Tuesday passed the largest cuts to Medicaid since the program began in the 1960s, a move that would erode the social safety net and cause a spike in the number of uninsured Americans over the next decade. The tax and spending bill is projected to cost more than $3 trillion during that time, but it would be partially paid for with about $1 trillion in cuts to Medicaid. Almost 12 million lower-income Americans would lose their health insurance by 2034, according to the Congressional Budget Office (CBO).” [The Hill, 7/1/25]

• The Hill: The Republicans’ Reconciliation Bill Made About $1 Trillion In Cuts To Medicaid. “Senate Republicans on Tuesday passed the largest cuts to Medicaid since the program began in the 1960s, a move that would erode the social safety net and cause a spike in the number of uninsured Americans over the next decade. The tax and spending bill is projected to cost more than $3 trillion during that time, but it would be partially paid for with about $1 trillion in cuts to Medicaid. Almost 12 million lower-income Americans would lose their health insurance by 2034, according to the Congressional Budget Office (CBO).” [The Hill, 7/1/25]

The One Big Beautiful Bill Would Take Health Insurance Away From More Than 14 Million People

KFF: “CBO Estimates Show That The Number Of Uninsured People Will Increase By More Than 14 Million In 2034.” [KFF, 8/20/25]

Rolling Stone Headline: “Congress Officially Passes Trump’s Bill To Kick Millions Off Medicaid.” [Rolling Stone, 7/3/25]

The One Big Beautiful Bill Was Estimated To Kick Nearly 40,000 People In NM-02 Off Their Health Insurance

September 2025: The Joint Economic Committee Minority Estimated Nearly 40,000 People In New Mexico’s 2nd Congressional District Would Lose Health Insurance By 2034 Due To Congressional Republicans’ Cuts To Medicaid And The ACA. “According to the nonpartisan Congressional Budget Office (CBO)’s most recent analysis, President Trump and Congressional Republicans’ cuts to Medicaid and the Affordable Care Act (ACA) would result in 16 million people losing their health insurance by 2034. Using CBO’s analysis released June 4 and other research, the Joint Economic Committee – Minority calculated new estimates of the number of people who would lose health insurance.” [Joint Economic Committee Minority, Press Release, September 2025]

[Joint Economic Committee Minority, Press Release, September 2025]

The One Big Beautiful Bill Was Projected To Cut Nearly $47 Million In Revenue To Hospitals In NM-02

Under The One Big Beautiful Bill, Hospitals In NM-02 Were Projected To Lose Nearly $47 Million As A Result Of Medicaid Cuts. [Third Way, GOP Medicaid Cuts Will Decimate Hospitals Nationwide, 7/8/25]

[Third Way, GOP Medicaid Cuts Will Decimate Hospitals Nationwide, 7/8/25]