Morning everyone. Honored to be joined today by Whip Katherine Clark and caucus chair Pete Aguilar as we prepare to depart for the August district work period. The Trump administration and House Republicans have been a complete and total failure.These MAGA extremists promised that they were going to lower costs in the United States of America. In fact, they promised the American people that costs would go down on day one. But costs haven't gone down.They are on the way up. Inflation is up. It's the quality ...

From @WSJopinion: Medicare and Medicaid fail a basic scientific test. The programs don’t do what they claim to. If they were drugs, regulators would pull them from the market, writes @mfcannon. https://t.co/nmTZxMBQMF ...

Healthcare Sector Performance - Healthcare sector has underperformed the S&P by 25 percentage points over the past year, with the sector down 11% while the S&P gained 14% [1] - Healthcare sector has only outperformed when the overall market was down [2] - In 2022 and 2023, the healthcare sector underperformed the market by over 20% annually [8] Challenges in Specific Areas - Large cap pharma is facing issues [3] - Managed care companies like Centene, Molina, and Elevance have experienced significant challenges [3] - UnitedHealth Group, one of the largest healthcare companies, has lost 50% of its market capitalization this year [5] - Higher utilization in the system, particularly in Medicaid, is a headwind [5][6] - Potential changes to Obamacare and Medicaid coverage are creating uncertainty [7] Potential Investment Opportunities - Some investors are starting to see the current situation as a potential entry point [7] - The question remains whether these stocks are value stocks or value traps [8] - Need to see numbers reset and Medicare/Medicaid rates reestablished [9] - Procedure volume backdrop needs to improve [9]

Political Strategy & Legislative Landscape - NRSC (National Republican Senatorial Committee) Chair Tim Scott warns that the public polling on President Trump's tax and spending bill is "breaking even", suggesting the bill's overall popularity is not strong [1] - The Republican strategy involves promoting individual popular components of the tax and spending bill, such as tax cuts and increased defense spending, rather than the entire package, to improve public support [1] - Democrats are strategizing to highlight potential benefit cuts, particularly in healthcare, to mobilize their electorate, drawing parallels to the 2018 elections [1] - The House passed a crypto legislation package, marking the first time Congress is regulating these currencies [3] Healthcare & Social Safety Net - The bill includes cuts to social safety net programs like Medicaid and SNAP to offset the costs of tax cuts and increased spending [1] - Concerns exist that healthcare cuts, particularly to Medicaid, could lead to rural hospital closures and other negative effects, even before the cuts fully take effect [1] - Expiring Affordable Care Act (ACA) subsidies will likely increase people's premiums, a situation Republicans chose not to address in the bill [1] Bipartisanship & Government Funding - The report highlights a disintegration of bipartisanship in the House and Senate, particularly regarding the recisions package [1] - The director of the Office of Management and Budget (OMB) suggests future funding should be more partisan, indicating a shift away from compromise [1] - There are concerns about a potential government shutdown, with a funding deadline approaching in September and limited time for negotiation [1]

Healthcare Reform Impact - Healthcare reforms are projected to disproportionately affect those least equipped to handle administrative burdens [1] - The reforms' impact will extend beyond Medicaid, creating broader consequences [1] Republican Stance - Republicans claim healthcare changes will decrease waste, fraud, and abuse [1] - The reforms are not simply about cutting spending [1]

This week, we learned that the Trump administration will start sharing the personal information of the country's 79 million Medicaid enroles in an effort to identify and track down immigrants. That information is usually only distributed to law enforcement to investigate waste, Medicaid fraud, and other abuses. The Trump administration now appears to be repurposing that data to underwrite this immigration crackdown.Now, to be clear, undocumented immigrants and some legal residents are not eligible to enroll ...

Over the next decade, nearly $1 trillion will be cut from Medicaid. Here is what America’s more than 71 million recipients of the health care program need to know about the changes under the 'One Big Beautiful Bill.' https://t.co/jajZrs3E5h ...

Republicans have said their changes to health care will reduce waste, fraud and abuse. But the reforms will not simply cut spending. Instead, they will hit those least able to keep up with paperwork, with ripple effects well beyond Medicaid https://t.co/LBkhOSAUNK ...

In its latest move to escalate mass deportations, the Trump administration is granting ICE access to the personal data of nearly 79 million Medicaid enroles, including home addresses and ethnicity details under a new agreement with the Department of Health and Human Services. A DHS spokesperson tells NBC News, "This is about ensuring undocumented immigrants don't access Medicaid, even though it's already illegal for undocumented immigrants to receive benefits. Immigration advocates are calling it a dangerou ...

The Trump administration will give deportation officials personal data, including addresses and ethnicities, of the nation's 79 million Medicaid recipientshttps://t.co/mKgQic8pbb ...