Dr. Oz Celebrates Passage of One Big Beautiful Bill Act
Dr. Oz played a pivotal role in the passage of the One Big Beautiful Bill Act, which aims to protect Medicaid from bankruptcy.
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Overview
- Dr. Oz was instrumental in the passage of the One Big Beautiful Bill Act.
- The Act focuses on safeguarding Medicaid from potential bankruptcy.
- Congress is credited for its role in the successful passage of the legislation.
- The bill aims to ensure continued healthcare support for vulnerable populations.
- Dr. Oz's involvement highlights his commitment to healthcare reform.
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FAQ
The primary goal of the One Big Beautiful Bill Act is to protect Medicaid from bankruptcy while aiming to reduce fraud, waste, and abuse and ensure the program remains available for vulnerable populations.
The Act is estimated to reduce federal Medicaid spending by about $793 billion over 10 years, a 12% reduction, mainly by tightening eligibility and increasing paperwork requirements, which is expected to result in about 11 to 12 million people losing Medicaid coverage over the next decade.
Critics argue the Act will cause millions to lose health coverage due to demographic and bureaucratic eligibility restrictions, including burdensome paperwork requirements, changes that disproportionately affect low-income seniors, children, and people with disabilities, and cuts to ACA marketplace subsidies.
The Act reduces ACA marketplace enrollment by failing to renew premium tax credits, increasing premiums and uninsured rates, restricts Medicare coverage for certain lawful immigrants, and may lead to cuts in long-term care services including home- and community-based support.
Dr. Oz was instrumental in advocating for and helping secure the passage of the One Big Beautiful Bill Act, highlighting his commitment to healthcare reform and the protection of Medicaid from potential financial instability.
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