The conceptual purpose of the Medicaid changes is to wipe out the $800 billion January cost increase via work requirements, twice-yearly income verification (saving over $100 billion), and reducing waste/fraud/abuse (~$250 billion), rather than absolute cuts.
causalpending
Speaker
Dan CliftonEvidence Quote
“We're going to make policy changes to wipe out that $800 billion cost increase that just happened in the January budget”
Source
Big Beautiful Bill, Write-Off Revolution & Tariff Tempest — The Friday Market Wrap!— Steve EismanCreated: 6/18/2026, 2:31:55 PM
My Notes
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