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Earle-Sears suggests using Virginia’s ‘rainy day funds’ to cover possible Medicaid funding shortfall

Virginia could see a $29 billion decrease in federal Medicaid spending over the next 10 years due to the passage of the so-called “One Big Beautiful Bill” by Congress. Lt. Gov. Winsome Earle-Sears, Republican candidate for governor, has suggested tapping into the state’s $4.7 billion “rainy day fund” to cover the cost.

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