He said, "I don't think he [Mr Trump] wants to talk about cutting spending."
Trump emphasized that he does not want Medicare touched, and said that only waste, fraud and abuse would be cut. Representative Ted Lieu observed, "I don't think the President has read the bill. He said 'Don't F around with Medicaid.' The bulk of their bill messes around with Medicaid."

Meanwhile, zero cuts were made to the Pentagon, instead, about $10 billion was funneled into it.

About 80 million Americans get Medicare and 70 million get Medicaid. Analysis from the congressional budget office shows that 7.6 million people would lose their Medicaid coverage if the current House proposal becomes law. 63% of nursing home care is funded by Medicaid. The bill would also cut 3 million people from the SNAP food stamps program. 

The Joint Committee on Taxation (JCT) estimated that the bill as written would increase deficits by $3.8 trillion through to 2034.