AP Photo / Susan Walsh

Over the next 20 years, federal Medicaid spending would be 35% lower with the Senate health care bill than without it, according to a new analysis from the Congressional Budget Office.

Why it matters: Notwithstanding the semantic back-and-forth between "cuts" and "reductions in the rate of growth" under the Senate bill, CBO's latest report makes it pretty clear that the federal government will spend a lot less money on Medicaid if the Senate bill passes, likely forcing states to cut providers' payments or restrict eligibility for the program.

Key takeaway: Under the Senate bill, federal Medicaid would make up a smaller share of the overall economy than it does today. Per CBO's estimates:

  • Medicaid is expected make up 2% of GDP this year.
  • If Medicaid's status quo continues, it would rise to 2.4% of GDP by 2036.
  • Under the Senate bill, it would be 1.6% of GDP in 2036.

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Updated 19 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 31,478,387 — Total deaths: 968,726 Total recoveries: 21,622,862Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 6,895,685 — Total deaths: 200,768 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: The U.S. reaches 200,000 coronavirus deaths — The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Fed chair warns economy will feel the weight of expired stimulus.
  6. Sports: NFL fines maskless coaches.

Trump pushes to expand ban against anti-racism training to federal contractors

Trump speaking at Moon Township, Penns., on Sept. 22. Photo: Mandel Ngan/AFP via Getty Images

President Trump announced late Tuesday that the White House attempt to halt federal agencies' anti-racism training would be expanded to block federal contractors from "promoting radical ideologies that divide Americans by race or sex."

Why it matters: The executive order appears to give the government the ability to cancel contracts if anti-racist or diversity trainings focused on sexual identity or gender are organized. The memo applies to executive departments and agencies, the U.S. military, federal contractors and federal grant recipients.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

GoodRx prices IPO at $33 per share, valued at $12.7 billion

Illustration: Sarah Grillo/Axios

GoodRx, a price comparison app for prescription drugs at local pharmacies, on Tuesday night raised $1.14 billion in its IPO, Axios has learned.

By the numbers: GoodRx priced its shares at $33 a piece, above its $24-$28 per share offering range, which will give it an initial market cap of around $12.7 billion.

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