So where will the savings come from?
Significant change of tune from Senate GOP leaders who said at their closed-door retreat that House isn’t being aggressive enough on spending cuts & should still consider FMAP reductions to maximize Medicaid savings, per 3 attendees
FMAP is the share of Medicaid payments that the Federal government pays. This comes after Speaker Johnson said FMAP reductions were probably off the table after meeting with moderates.
I think this ultimately end with a huge deficit and promises that it will 'pay for itself' but the bond market won't like that.
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