The GOP-led House committee in charge of cutting healthcare spending to finance a sweeping tax cuts bill advanced its portion of the measure Wednesday, overcoming Democratic objections during a daylong session. The Energy and Commerce Committee provisions, which are estimated to reduce Medicaid spending by $625 billion over 10 years, cleared on a party-line vote. They will be combined with policies working through other committees into final legislation House Republican leaders hope to pass by the end of the month. The greatest savings come from implementing work requirements and stricter eligibility checks in Medicaid, which the Congressional Budget Office estimates would save about $350 billion. The measure saves another $167 billion by delaying a 2024 Centers for Medicare and Medicaid Services regulation that made it easier for people to enroll in Medicaid and the Children’s Health Insurance Program, according to the nonpartisan budget agency. This is the first step in a long process to achieve a final budget bill. Click here to learn more.
