The nonpartisan Congressional Budget Office estimated that the One Big Beautiful Bill Act passed by Congress on July 3 will cut federal spending on Medicaid and Children's Health Insurance Program benefits by $1.02 trillion, due in part to eliminating at least 10.5 million people from the programs by 2034.

With new federal limits on Medicaid eligibility likely increasing the number of uninsured, along with other provisions that restrict states' ability to raise revenue to fund their Medicaid programs, states will have to reevaluate their budgets to either supplement the spending or cut services.

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