Millions to lose health insurance and food stamps from GOP tax bill: CBO

The Congressional Budget Office said Tuesday that millions of low-income people will lose health insurance and food stamps following changes to entitlement programs made under President Donald Trump’s One Big Beautiful Bill Act, which passed last month.

The CBO, a nonpartisan organization that provides budget estimates for Congress, issued a distributional analysis of the loss of Medicaid benefits, Obamacare health insurance exchange coverage, and Supplemental Nutrition Assistance Program benefits due to changes to the programs from the GOP’s tax reform legislation.