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GOP Health Care Law Could Cost Nearly 1 Million Jobs, Report Finds
Source: NBC
Read more: The Republican health law could cost jobs in every state, experts say
This is just plain stupidity.
Source: NBC
“The AHCA would initially cause a brief spurt of economic growth from tax cuts, which primarily help those with high incomes,” said Leighton Ku, director of the Center for Health Policy Research at the Milken Institute School of Public Health at GW, who led the study team.
“However, cuts in funding for Medicaid and health subsidies then begin to deepen, triggering sharp job losses and broad disruption of state economies in the following years,” Ku added.
“Within a decade, almost a million fewer people would have jobs. The downturn would hit the health care sector and states that expanded Medicaid the hardest.”
Health care has added an average 22,000 jobs a month so far in 2017, compared to an average monthly gain of 32,000 in 2016,” the Bureau of Labor Statistics said in its May statement. That adds up to 329,000 jobs over the past year."
Read more: The Republican health law could cost jobs in every state, experts say
This is just plain stupidity.