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Fortune

How Trump’s ‘Big Beautiful Bill’ will affect women

July 3, 2025
01:15 PM
6 min read
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financialhealthcaregovernment servicesmarket cyclesseasonal analysispolicy

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S·MPW DailyHow Trump’s ‘Big Beautiful Bill’ will affect womenBY Sara BraunBY Sara BraunLeadership FellowSara BraunLeadership FellowSara Braun is the leadership fellow at Fortune. SEE FULL BIOPresident Donald Trump at the...

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6 min read

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personal finance

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July 3, 2025

01:15 PM

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Fortune

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financialhealthcaregovernment servicesmarket cyclesseasonal analysispolicy

S·MPW DailyHow Trump’s ‘Big Beautiful Bill’ will affect womenBY Sara BraunBY Sara BraunLeadership FellowSara BraunLeadership FellowSara Braun is the leadership fellow at Fortune

SEE FULL BIOPresident Donald Trump at the NATO Summit in June

Andrew Harnik/Getty Images– BBB

On Tuesday afternoon, the Senate passed President Trump’s domestic spending bill, branded the “Big Beautiful Bill. ” The legislation has been the subject of in-fighting among Republicans and contempt among Democrats, and up passing by a razor-thin margin of 51-50, with Vice President JD Vance casting the tie- vote

The legislation would affect every aspect of American society—for people and es

But the bill’s demolition of the American social safety net means that women will be especially impacted

A key tenet of the bill’s current iteration is a whopping $1. 1 trillion in cuts over the next decade to Medicaid, Medicare, and the Affordable Care Act, according to the Congressional Budget Office

Currently, 24 million women are enrolled in Medicaid; 56% of those women are of reductive age, according to re from the National Partnership for Women and Families

Women of color make up over half of this group as well. “It’s really easy to think access to healthcare as a social issue, but the truth is, we’re also talking a really critical economic issue: Being healthy and being able to participate in the workforce [is] critical to keep the American capitalist system going,” says Cynthia Plotch, cofounder of Winx Health, a women’s reductive health brand

The bill would cut off Medicaid funding for abortion viders, such as Planned Parenthood

While the Hyde Amendment prevents federal funding from being used to cover abortion, the bill would bar Medicaid from covering the cost of any non-abortion services that Planned Parenthood vides, such as STI testing and cancer screening. “The more and more women are denied access to care, whether that be abortion [or] other care, the more ly they are to face debt, financial instability, [and] remove themselves from the workforce because of unwanted children,” Plotch says

The most sizable cuts to Medicaid would come from a new work requirement, in which enrollees would have to consistently file paperwork to ve they work for at least 80 hours a month. “It’s really based on very outdated, racist and sexist stereotypes those who receive benefits,” Sharmili Majmudar, executive vice president of policy, grams, and re at Women Employed, a Chicago-based nonfit, says

Four out of five nonworking, able-bodied adults on Medicaid are women, with an average age of 41, according to re from the Milbank Memorial Fund, a foundation focused on population health and equity

Currently, the bill is being pushed through the House, where it faces resistance from several GOP members

Trump and House Speaker Mike Johnson (R-La. ) have been meeting with key holdout votes in an effort to coalesce before a July 4 deadline

Women in the Senate and the House have been critical voices in both outright opposition to the legislation—and as swing votes using their political power to influence the bill’s ultimate outcome

Lisa Murkowski (R-Alaska), who cast a critical yes vote on the bill, acknowledged that “in many parts of the country, there are Americans that are not going to be advantaged” by the legislation; her holdout helped Alaska come out with more funding

Nancy Pelosi (D-Ca. ) ridiculed the bill on the House floor, arguing that if her Republican colleagues believe the bill is beautiful, they’re suffering from “very blurred vision. ” MPW Daily is taking a break tomorrow for the July Fourth holiday and will return to your inbox Monday, July 7

Com The Most Powerful Women Daily is Fortune’s daily briefing for and the women leading the world

Today’s edition was curated by Sara Braun

ALSO IN THE HEADLINES- Verdict’s in

A jury acquitted Sean “Diddy” Combs of racketeering and sex trafficking charges, but found him guilty of two counts of transportation for stitution

Secutors said they will seek a four-to-five year prison sentence for Combs on the stitution charges; other charges he faced could have carried a life sentence

NBC News- Liberal victory

The Wisconsin Supreme Court struck down the state’s 176-year-old abortion ban on Wednesday

The court ruled 4-3 with a liberal majority and argued that the 1849 law was superseded by newer regulations

Associated Press- Women at work

Young women are working at higher rates than ever before. 78% of women born in the 1990s are employed, according to new re from the Hamilton ject at the Brookings Institution

A major factor in rising female participation in the workforce is increased flexibility, with options such as teleworking increasing fourfold from 2019 to 2023

The 19th- The endless interview

Paramount announced that the company has agreed to pay President Trump $16 million to settle the lawsuit he filed over a 60 Minutes interview with former Vice President Kamala Harris during the 2024 election

The media conglomerate also agreed as part of the settlement to release written transcripts of future 60 Minutes interviews with presidential candidates

New York TimesMOVERS AND SHAKERSRAJ Sports announced the appointment of Clare Hamill as interim president of the new Portland WNBA franchise

She most recently served as the VP of innovation integration at Nike

Appian, a platform for cess orchestration, automation, and intelligence, appointed Vicky Nisbet as SVP of sales, UK and EMEA

She most recently served as SVP at Salesforce

The Burda Group, a German media company, named Meredith Whittaker to its board of directors

She currently serves as the president of Signal

Synedgen, a bionology company focused on gastrointestinal therapies, appointed Dr

Laura Saward as president and chief executive officer

She previously served as chief scientific officer at the company

ON MY RADARCEOs are obsessing over ‘permacrisis’ blems but not leading frontline employees, warns former A&T leader FortuneBank it Beckham: How female footballers are building media companies The AthleticJustice Kagan won 70% of the time Wall Street JournalPARTING WORDS“When I was younger, a lot of the roles I was offered, or I went for, had their ambitions or character arcs revolving around their own desirability, or the male gaze, or a male-centred story

That is less frequent, though—something has shifted. ”— Scarlett Johansson on the evolution of roles for women in HollywoodThis is the web version of MPW Daily, a daily for and the world’s most powerful women

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