The “big, beautiful bill” that President Trump signed into law earlier this month will add nearly $3.4 trillion to the nation’s deficits over roughly the next decade, the Congressional Budget Office (CBO) estimated in a report on Monday.

About 10 million people will lose their insurance under changes to Medicaid and Obamacare in the GOP megabill — 1 million fewer than previously thought.

This analysis indicates that proposed Medicaid reforms would have far-reaching consequences beyond federal budget savings," the researchers wrote.