How might $880 Billion in Potential Federal Medicaid cuts effect Oregon and Oregonians?

As you may well know, the United States Congress is looking for ways to finance proposed tax cuts in their budget reconciliation bill.

Per the Kaiser Family Foundation (KFF), “Medicaid is jointly financed by states and the federal government but administered by states within broad federal rules. Medicaid accounts for a large share of state budgets and can be central to state fiscal decisions. Following years of robust revenue growth, states are now contending with weakening tax revenues, budget shortfalls, and uncertainty in their long-term fiscal outlook, leaving some states with difficult budget decisions.

If these potential cuts come to fruition, states would have to look at cuts within their own budgets. For example, if a state wanted to maintain their Medicaid program at its current levels, they might need to look at cutting other programs liked education, increasing taxes, or a combination of both. KFF indicates that the proposed federal cuts represent approximately 19% of state education per student or 6% of state taxes per resident (varies by state).