President Donald Trump’s new budget bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers, according to a S&P Global report.

The new law extends tax breaks for the wealthy, slashes Medicaid and food aid and expands immigration enforcement — threatening health care, nutrition and safety nets for millions.

House Republicans in Congress approved President Donald Trump's multitrillion-dollar tax breaks and spending cuts bill in a narrow vote Thursday, overcoming setbacks to pass Trump's signature second-term policy package before a Fourth of July deadline.