Tuesday 25 July 2017

Wonkbook: 1 million jobs on the line as Senate votes on health care

By Heather Long America could lose more than a million jobs... | Sponsored by Morgan Stanley
 
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Republican senators join Mitch McConnell (R-Ky.), the majority leader, on Capitol Hill on July 18. (AP Photo/Carolyn Kaster)

By Heather Long

America could lose more than a million jobs if the Senate votes to repeal the Affordable Care Act on Tuesday.

That's according to a report from George Washington University's Milken Institute School of Public Health and the Commonwealth Fund.

"This legislation could single-handedly put a big dent in health care job growth," said Leighton Ku, the lead author of the report and the director of the Center for Health Policy Research at George Washington University.

Repealing the law, also known as Obamacare, would dramatically scale back federal funding for health care, especially Medicaid. That translates into job losses as hospitals, retirement homes and other health facilities get fewer dollars.

"We're talking about one out of every 20 health care jobs disappearing by 2026. That's a lot," Ku said.

Much of the debate over the "repeal and replace" of Obamacare has centered on how many Americans would lose insurance. The bill that Senate Republicans proposed would lead to 22 million fewer Americans with health insurance in the next decade, according to the nonpartisan Congressional Budget Office. The House Republican bill would leave 23 million fewer people covered, and a straight repeal of Obamacare would bring the most losses of all: 32 million off insurance, according to the CBO.

Job losses, however, get much less attention, despite the fact that health care has been a booming field for job growth.

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Read the rest on Wonkblog.


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