Yes, Medicare too. Unless Congress intervenes, Medicare providers will see about a 4% cut every year starting next October. The new law's deficit boost triggers automatic sequestration cuts across the board each year for ten years.

Total 10 year cut: $~490 billion

Source: https://prospect.org/politics/2025-07-03-republicans-cutting...

The source is clearly biased (sorry), but I believe it's accurate on the numbers.