The human costs of Medicaid cuts
Summary
KPMG Chief Economist Diane Swank explains how Federal Reserve rate hikes and persistent inflation are driving up borrowing costs for mortgages and credit cards. The episode then shifts to the impact of federal Medicaid cuts, with USA Today journalist Jamie Frasier detailing how states are reducing home health services, causing longer waitlists for seniors and individuals with disabilities. Frasier advises families to join state waitlists early and connect with local resource groups to navigate the growing gap in care.
Topics discussed
Sponsor: Hard Lessons podcast from Morgan Stanley
Sponsor: Wise international money transfers
Intro: Fed hikes rates to fight inflation
Interview: Impact of rate hikes on consumers
Discussion: Inflation and long-term interest rates
Interview wrap-up with Diane Swank
Sponsor: Pega Blueprint AI workspace
Sponsor: Pega agentic workforce orchestration
Sponsor: Odu all-in-one business software
Intro: Medicaid cuts and home health services
Interview: Waitlists and aging population needs
Discussion: Disability rights and funding gaps
Advice: Navigating state waitlists and resources
Outro: Marketplace Morning Report sign-off
Sponsor: Marketplace podcast promotion
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