How will states respond to Medicaid cuts?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 July 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Medicaid is run by the states, but about 70% of its funding comes from the federal government. Now, given $1 trillion in cuts from President Donald Trump's tax and spending law, states are left trying to fill in the gaps and will have difficult care and coverage decisions to make. We'll unpack it all. Also on this morning's program, we'll learn about higher taxes on Canadian imports and how markets are responding to them.
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| 0:54.4 | everything secure. Another day, another tariff. Markets are not panicking yet. From Marketplace, |
| 1:04.1 | I'm Sabrina Benes-Shore in for David Brancaccio. President Trump has signaled import taxes on goods |
| 1:08.5 | from most countries will be higher going forward than the 10% baseline we've had for the past few months. |
| 1:13.9 | They could be as high as 15 or 20%. He also threatened to increase tariffs on most products from Canada to 35%. |
| 1:20.7 | Markets seem mostly unfazed. So let's get into that with Christopher Lowe, chiefist at FHN Financial in New York. Good morning. |
| 1:28.3 | Good morning, Sabree. So you know, JP Morgan Chase, CEO, Jamie Diamond, said that he thought markets were being complacent around tariffs. And when we look around, we see the VIX, the volatility index. It's at a multi-month low. |
| 1:45.2 | We see treasury yields rising. |
| 1:48.0 | If you know, people are freaked out, we would probably see them falling. |
| 1:51.1 | What do you think? |
| 1:51.8 | Are markets just not paying enough attention to what's going on with tariffs? |
| 1:56.1 | Yeah, to an extent that's right. |
| 1:58.5 | And look, I think part of the reason volatility is low is because at the |
| 2:03.8 | beginning of the year, when stock market investors were really excited about Trump 2.0 and the |
| 2:11.3 | possibility of stronger growth, they borrowed a lot of money to invest. There was a ton of leverage in stocks. That got squeezed out in the bloodbath in the first half of April. |
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