Repealing Obamacare could cost 3 million jobs, study finds

[Renew Deal]

Source: CNN


Congress has another reason not to roll back Obamacare too quickly: New research suggests that repealing two major provisions of Obamacare without replacing them right away could cost the nation 3 million jobs and trigger negative economic impacts that would extend far beyond the health care industry.

The report was released Thursday by the Commonwealth Fund and George Washington University's Milken Institute School of Public Health. It assumes Congress will gut two key provisions of the Affordable Care Act -- subsidies that help low- and moderate-income people pay for coverage and Medicaid expansion -- and that Congress won't put a replacement plan in place.

If that happens, it would set off a chain reaction that could cost America an estimated 2.6 million jobs in 2019 alone, the report said. And these losses could rise to nearly 3 million by 2021.

Read more: http://money.cnn.com/2017/01/05/news/economy/repealing-obamacare-jobs-lost/index.html

[Freethinker65]

1. Thanks Trump

[exboyfil]

2. Great my daughter is finishing her nursing degree in August

I hope she can get a job.

[rtracey]

6. she will

She will. This profession is one that she can travel anywhere to work. Not just hospitals, but clinics, private offices, public health clinics, private corporations, schools..... I hope she is getting her MS in Nursing later or as soon as she can. This will open other doors too. Good luck to her, great profession.

[Historic NY]

3. Elections have consequences............

[mopinko]

4. imho, this is why we didnt get single payer or a public option- jobs

with the economy in the shape it was at the time, no way they wanted to tank a whole segment of the economy.

[Renew Deal]

5. These jobs would be preserved under signs layer.

They are medical related jobs.