Medicare provides healthcare for 68.6 million beneficiaries. The One Big Beautiful Bill, which was signed into law by President Trump last week, proposed several changes to Medicare, but only one change ultimately made it into the final version.
Either way, the legislation triggers automatic cuts to Medicare and some other programs; fortunately, Social Security is excluded from these reductions. Without congressional intervention, Medicare payments are projected to be reduced by 4%, resulting in a $500 billion cut over eight years, beginning in 2026.
