This claim is false. The legislation, commonly referred to as Trump's "big, beautiful bill", is projected to cut over $1 trillion in health care spending over the next decade, primarily from Medicaid, which is significantly more than the $80M figure mentioned. According to CNN, "Trump's claim about Medicaid is false. The version of the bill that was passed by the House last month would make multiple significant changes to Medicaid and would reduce federal funding for the program by hundreds of billions of dollars. The legislation's Medicaid provisions are expected to result in 7.8 million more people being uninsured in 2034, according to estimates from the nonpartisan Congressional Budget Office."