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A homeless encampment in Harbor City, Calif. Photo: Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images

The Trump administration's proposal to change how the federal poverty level is calculated would cut millions of people's health benefits, according to a new analysis by the left-leaning Center on Budget and Policy Priorities.

What's happening: The Office of Management and Budget proposal would adopt a lower rate of inflation to determine poverty — meaning the poverty limit would rise more slowly, and fewer people would qualify for assistance.

By the numbers: After 10 years, the change would result in:

  • More than 250,000 seniors or people with disabilities either losing their eligibility for Medicare Part D's low income subsidy program, or receiving less assistance from it.
  • More than 150,000 seniors or people with disabilities losing assistance with their Medicare premiums.
  • More than 300,000 children losing Medicaid and CHIP coverage.
  • More than 250,000 people losing the coverage they gained through the Affordable Care Act's Medicaid expansion.
  • More than 150,000 ACA exchange enrollees losing all or some of their cost-sharing assistance.
  • Tens of thousands of ACA enrollees losing their premium subsidies, and millions receiving smaller subsidies.

Go deeper: Poor people spend more of their income on health care

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

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