A new report argues that the Republican health law would slash jobs and perhaps trigger a recession.
So how would Trump and his job-creating party feel about a law that costs a million jobs over the next decade and decreases total business activity by hundreds of billions over the same time period?
.. the AHCA would slash total jobs by about a million, total state gross domestic products by $93 billion, and total business output by $148 billion by 2026. Most of those jobs would be shed from the health-care industry, which would contract severely over that frame. Most of the losses in economic activity would come in states that have expanded Medicaid to low-income adults under the Affordable Care Act.
.. This report suggests a net loss of about 700,000 jobs in the health-care sector alone.
.. This report suggests a net loss of about 700,000 jobs in the health-care sector alone.
.. Those contradictions might not matter for the prospects of the law’s passage, though, since it is front-loaded with economic sweeteners that should benefit Republicans in the all-important next two elections.
.. might include provisions like a delay of Medicaid cuts and a restructuring of tax credits that will soften the long-term economic blow of the law.
The Outlook for Coal: 1000 more job losses in Appalachia
Rob Godby researches energy and public policy at the University of Wyoming.
.. So what President Trump has really promised to do is really enable all fossil fuels in the country. And, in fact, you know, you really can’t enable both natural gas and coal simultaneously because they’re are substitutes. You know, one has to give for the other.
.. So really when you talk about coal, what you’re talking about is more inter-region competition. So Appalachia has had a lot of challenges. It’s competing not only against cheaper natural gas, but also cheap coal from other regions of the country – in particular Wyoming, but also the interior areas of the United States from Illinois all the way south to the Gulf.
.. SHAPIRO: What would be the best-case scenario for the American coal industry at this point?
.. So we’re thinking that there may be about a 5 percent rebound in coal production in the next couple of years. But the way that impacts the areas is really different.
.. So, for example, in Appalachia, you’re still looking at a coal production decline. Most of that production increase is going to occur in the West, and that probably will occur in Wyoming. So you might see about 600 new jobs, maybe more in the West, particularly in Wyoming. And you might see about a thousand more job losses in Appalachia. And the interior might get 150, 200 new jobs if you kind of look at these projections broadly.