This is an interesting study, interesting in the sense that it appears to demonstrate that contrary to saving money, Obamacare added a tremendous amount of spending to the economy in part by stimulating use of health care. It also notes that the main income loss resulting from repeal of the law is not to insurers but to health care providers.
This is not unexpected, but it’s interesting how you only hear about one side of political equations. Do you remember hearing that Obamacare created 2.6 million jobs?
Findings and Conclusions: Repeal results in a $140 billion loss in federal funding for health care in 2019, leading to the loss of 2.6 million jobs (mostly in the private sector) that year across all states. A third of lost jobs are in health care, with the majority in other industries. If replacement policies are not in place, there will be a cumulative $1.5 trillion loss in gross state products and a $2.6 trillion reduction in business output from 2019 to 2023. States and health care providers will be particularly hard hit by the funding cuts.
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Categories: Government, Healthcare, Politics
Since most of the 20 million covered are through the Medicaid program, it is simple fund the Medicaid program the same as it would be funded under PPACA. Until Congress repeals PPACA and we see what they replace it with, this kind of information means next to nothing.
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