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.