President Trump's signature tax and spending legislation, the "big beautiful bill," is now law, and that means cuts to Medicaid spending. The big picture: The law sets in motion almost $1 trillion in slashes to Medicaid and other health policy changes,

Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

A recent Republican-led vote in Congress has approved a massive tax and spending cut package, sparking deep concern. Experts warn that drastic $1.2 trillion Medicaid cuts could trigger a severe health crisis,