Takeaways
- Louisiana, Nevada and California stand to be the most negatively impacted if Medicaid is reduced, according to Barclays Plc.
- States across the US could lose roughly $1 trillion in funding, resulting in 11.8 million Americans losing their health-care coverage, if Medicaid is cut.
- “States will have difficult decisions to make regarding both how much of the direct costs they will want to backfill and how much of the indirect costs they will potentially want to backstop,” the strategists wrote.
President Donald Trump’s budget bill that could deeply cut the nation’s largest public health-insurance program stands to hurt some states more than others, according to Barclays Plc.
Louisiana, Nevada and California stand to be the most negatively impacted if Medicaid is reduced, based on funding losses as a percentage of yearly revenue loss and the number of Americans with chronic health conditions living there, municipal strategists Mikhail Foux, Francisco San Emeterio and Grace Cen said in a Thursday note.
Bloomberg Markets
By Sri Taylor
July 17, 2025