The White House Council of Economic Advisers is reportedly warning that failing to pass President Donald Trump’s One Big Beautiful Bill Act will leave 8.2 to 9.2 million Americans without health insurance and lead to a “major recession” on par with 2008’s 4% GDP shrinkage.
The warning reportedly comes from the CEA’s memo released Saturday titled “Health Insurance Opportunity Cost if 2025 Proposed Budget Reconciliation Bill Does Not Pass” as Republicans in the House Budget Committee balked at moving the bill forward Friday because it does not go far enough in cutting taxes and spending.
The memo estimated uninsured Americans will rise from 27 million in 2025 to 36 million in 2026 if the first Trump administration’s Tax Cuts and Jobs Act provisions are permitted to expired at the end of this fiscal year.
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