President Donald Trump signed the One Big Beautiful Bill Act (OBBB) into law on July 4, 2025. Among other provisions, the bill raises the debt ceiling by $5 trillion annually and also makes a 15% cut to Medicaid spending, according to KFF. According to the U.S. Department of Health and Human Services, Medicaid is a “joint federal and state program that helps cover medical costs for some people with limited income and resources. The federal government has general rules that all state Medicai...
