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What many Americans don’t realize about President Donald Trump's signature “One Big Beautiful Bill Act” is that it will raise the cost of health care not just for poor and working families, but for hospitals, insurance companies and, ultimately, for every American.

The new law slashes federal funding for health care by about $911 billion over the next 10 years by radically cutting access to Medicaid and health insurance under the Affordable Care Act. These are the largest cuts ever to health care in our nation’s history, and the price of these cuts will be passed on to consumers, care providers and insurance plans alike.

For the last 60 years, Medicaid has covered low-income Americans at a fraction of the cost of commercial health insurance. The passage of the ACA 15 years ago allowed millions more income-eligible workers to buy subsidized health insurance. Draconian cuts to both under the new law will result in 16 million Americans losing health coverage and losing access to lifesaving care, according to estimates by the nonpartisan Congressional Budget Office.

When families lose health coverage, they stop using preventive care and end up in emergency rooms, incurring higher costs that they can’t afford to pay. Hospitals and community clinics are forced to........

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