President Trump’s domestic policy law, which extends federal tax cuts and slashes the social safety net, is expected to have a seismic effect on health insurance and health care in New York, with more than one million people in the state losing benefits, experts say…The law adds limits and reductions to Medicaid and other government health insurance programs. “The only thing we’re cutting is waste, fraud and abuse,” Mr. Trump has said. State estimates show that the law could eventually strip health insurance from 1.5 million people enrolled in Medicaid and other health coverage plans in New York, about 7.5 percent of the state population. Overall, the state could absorb a $10 billion hit annually because of the policy law. That reflects a combination of increased state expenditures and cuts in federal subsidies that support health insurance and health care for people with lower incomes. Those cuts will reduce revenue for hospitals, with some responding by charging higher prices to middle-class and wealthy patients, who are covered by private insurance, according to the president of the hospital industry’s main trade association in New York. Other hospitals might close. More in the New York Times. (paywall-free link.)