Here’s What You Need to Know

The Congressional Budget Office and the staff of the Joint Committee on Taxation estimate that H.R.1, the One Big Beautiful Bill Act, will increase deficits by $2.4 trillion from 2025 to 2034.

If enacted, what implications will this have for the state of Florida?

Economic Impacts

  • Federal cuts to Florida would equate to around $4 billion per year
  • Estimate loss of 33,000 jobs, including close to 17,000 in the healthcare sector
  • An estimated $177 million in future tax revenue could be at stake

Impact on Access to Healthcare

  • 339,000 seniors and people with disabilities could lose Medicaid coverage
  • 907,000 other adults could lose Medicaid coverage
  • 640,000 children could lose Medicaid coverage
  • Community Health Centers may be forced to close locations, reduce staffing, and reduce or eliminate services

Implications of Affordable Care Act Marketplace Changes

  • If reduced, 4 million Floridians may lose healthcare coverage
  • Could lead to higher premiums, increasing the number of uninsured Floridians
  • Special enrollment opportunities might change
  • Could result in delayed care and increased medical debt