World Business Report The US government has shutdown over a spending row
Oct 1, 2025
The US government has shut down due to a funding impasse, primarily centered around healthcare debates. Experts discuss the implications of Medicaid cuts on hospitals and patient care. Investors are reacting to Spotify's founder stepping down, raising questions about the company's future. Additionally, insights on a scandal involving sunscreen testing in Australia add intrigue. The podcast wraps with thoughts on Snapchat introducing fees for memory storage, highlighting shifts in digital consumer services.
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Shutdown Stops Key Services
- The US government shutdown furloughs 750,000 federal workers and costs about $400 million per day.
- Michelle Flurry warns a complete shutdown halts many services and raises pressure to resolve the impasse.
Millions At Risk From Policy Changes
- Expiring ACA marketplace subsidies could leave over 4 million uninsured after 2025.
- Benjamin Summers explains new Medicaid rules and work-reporting could push another ~5 million off coverage.
Hospital Strain From Medicaid Cuts
- Cuts to Medicaid risk hospital reimbursements and could force rural and safety-net hospitals to cut services.
- Summers cautions that saving short-term money may cost lives and harm hospitals.