Trump has promised not to cut Medicaid funding. The Senate's bill would slash funding by $772 billion over the next decade.

The nonpartisan Congressional Budget Office estimated Monday that Senate Republicans' health-care bill, the Better Care Reconciliation Act, would slash Medicaid spending by $772 billion over the next 10 years. That would mark a 26 percent cut in spending on Medicaid by 2026, compared to under ObamaCare.

President Trump has repeatedly pledged to not cut Medicaid funding. Just the day before the CBO released its cost estimate score of the BCRA, White House counselor Kellyanne Conway insisted there were "no cuts to Medicaid" in the bill.

Right now, there are more than 70 million people enrolled in Medicaid. The New York Times reported that Medicaid "pays for most of the 1.4 million people in nursing homes" and "covers 20 percent of all Americans and 40 percent of poor adults."

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Overall, the CBO estimated that the BRCA would leave an additional 22 million people uninsured in 2026 compared to ObamaCare, but would reduce the federal deficit by $321 billion over the next decade.