House GOP Proposes Medicaid Cuts, Defunds Planned Parenthood Amid Internal Opposition

House Republicans are advancing a reconciliation bill that aims to cut Medicaid funding to organizations like Planned Parenthood that provide abortion services, effectively defunding such groups for non-abortion services including contraception and other health care. This proposal is part of a broader effort to find over $900 billion in cuts to fund President Donald Trump's "big, beautiful bill," but it faces opposition from moderate GOP lawmakers concerned about preserving non-abortion services and potential political fallout. The Hyde Amendment already prohibits federal funding for abortions, but Republicans are pushing to end all taxpayer support for providers that perform abortions, a move that could remove roughly a third of Planned Parenthood's $2 billion revenue. The bill has sparked internal GOP debate, with some moderate Republicans warning the measure risks alienating members and jeopardizing passage. The political discord is causing market jitters, including minor declines in stock indices and cryptocurrencies, as uncertainty over the bill’s prospects affects investor sentiment. Meanwhile, the contraception access debate continues at the state level, exemplified by contrasting legislative outcomes in Virginia and Tennessee, highlighting ongoing partisan divides over reproductive health policies.