OBBB: Trump jeopardizes 1.2 million healthcare jobs
Washington, June 28, 2025 – The U.S. House of Representatives passed the controversial “One Big Beautiful Bill Act” on May 22, 2025, a budget bill that includes massive cuts to the social programs Medicaid and the Supplemental Nutrition Assistance Program (SNAP). According to a new analysis by the Commonwealth Fund and the George Washington University Milken Institute School of Public Health, these cuts could lead to a loss of 1.22 million jobs, a decrease in state gross domestic product (GDP) of $154 billion, and a loss of $12 billion in state and local tax revenue by 2029. The economic damage would significantly exceed the planned federal savings of $131 billion, particularly in poorer states. Cuts in focus: Medicaid and SNAP The bill proposes cuts of $863 billion to Medicaid and $295 billion to SNAP over a ten-year period (2025–2034). According to estimates…
