Yves here. Most eyes are on the ICE protests in Los Angeles, which are spreading to other big cities. A side benefit of Trump’s show of force is the way it takes attention and political energy away from the attack on ordinary citizens’ welfare embodies in his “big beautiful bill” This post tallies the expected impact of cuts to Medicaid, Medicare, and the Affordable Care Act. It is not widely understood that over time, Medicaid has become an all-purpose residual medical insurance program. So cuts to Medicaid rend what had become a complicated but kinda-sorta working and overall very important stopgap.

By Sara Talpos, a contributing editor at Undark. Originally published at Undark

Last week, the growing tension between President Donald Trump and Elon Musk exploded into public view when Musk took aim at the One Big Beautiful Bill Act. The legislation, which calls for sweeping changes to taxes and

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.