Kevin Hassett questions CBO accuracy on Medicaid coverage losses
- Kevin Hassett discusses impending economic deals with the US and other countries.
- He raises concerns about the CBO's prediction of 12 million Americans losing Medicaid coverage.
- Hassett questions the CBO's historical accuracy and calls for improvements in their reporting.
On July 6, 2025, Kevin Hassett, the director of the National Economic Council, participated in an interview on 'Face the Nation' where he discussed the prospect of impending deals regarding economic negotiations. He emphasized that despite ongoing discussions, there is a race among countries to finalize deals with the United States before a looming deadline. Hassett suggested that while the focus remains on the negotiations, the president's approval may alter the final number of agreements reached. Furthermore, he addressed concerns surrounding projections by the Congressional Budget Office (CBO), particularly regarding Medicaid coverage. The CBO has predicted that up to 12 million Americans could lose their Medicaid coverage due to new legislation, causing significant worry among both Democrats and some Republicans. Hassett argued that CBO's past record has been flawed, referencing earlier years where the CBO underestimated insurance losses tied to work requirements for Obamacare. He contended that the CBO should reevaluate their forecasting methods to improve reliability on future projections. Hassett expressed a willingness to review any mistakes made in their estimates to provide more accurate models in the future.