New study says House GOP healthcare bill would lead to the loss of almost 1 million jobs in 10 years

[applegrove]

by Bob Bryan at Business Insider

http://www.businessinsider.com/study-ahca-job-loss-coverage-insured-2017-6

"SNIP..............


"It initially raises the federal deficit when taxes are repealed, leading to 864,000 more jobs in 2018. In later years, reductions in support for health insurance cause negative economic effects. By 2026, 924,000 jobs would be lost, gross state products would be $93 billion lower, and business output would be $148 billion less. About three-quarters of jobs lost (725,000) would be in the health care sector."

Put another way, there would be two primary effects: Aggregate employment would decrease, leading to a drag on economic activity.

Currently, the number of people working in the healthcare sector has steadily increased due to a combination of the lower uninsured rate (people are more likely to seek care if they have coverage) and the aging Baby Boomer population.


With more people seeking care, healthcare providers have boosted employment and the segment has been one of the biggest gainers since the financial crisis.


...............SNIP"

[louis-t]

1. "B-b-b-b-but our ideology!"

[BigmanPigman]

2. The Donald only cares about miners' extinct jobs, not jobs that actually CAN be saved!

[Wellstone ruled]

3. Let's get real,

ten time line is pure Bull Crap. Within one to two years is more like it and the real damage will be all the Associated Jobs and Hospital and Clinic closures. Not talked about is the Local Tax Base lose that takes place. Just remember this,these are jobs that produce a multiplier effect of 1 = 7 . And we thought Rural America was in deep trouble,this will be a Recessionary Cause Event.

[smirkymonkey]

4. One million jobs and how many millions of lives?

I guess that will remain to be seen.