On July 1, nearly 500,000 moderate-income New Yorkers are expected to lose their health insurance plans. This change is attributed to HR 1, a law signed one year ago that reduced government health spending by $911 billion nationwide. The law, referred to as the 'One Big Beautiful Bill Act,' reallocates funds towards permanent tax breaks for higher-income families and border security.
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Nearly 500,000 New Yorkers to Lose Health Insurance Due to Recent Law
Starting July 1, approximately 500,000 moderate-income New Yorkers will lose their health insurance due to HR 1, a law enacted last year. This legislation has cut government health spending by $911 billion, redirecting funds towards tax breaks for higher-income families.
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‘Tip of the iceberg’: nearly 500,000 New Yorkers lose health insurance due to Trump cuts
Nearly 500,000 New Yorkers to Lose Health Insurance Due to Recent Law