Washington, D.C. — The House of Representatives health care repeal bill will cost some individuals tens of thousands of dollars more each year; rip health coverage from over 24 million Americans by 2026; and now, a new analysis from the Center for American Progress reveals that, if enacted, the legislation will lead to job losses totaling 1.8 million nationwide. Despite these devastating numbers and criticism from both parties, House Speaker Paul Ryan (R-WI) and President Donald Trump continue to push full speed ahead with their Affordable Care Act repeal bill.
The report estimates a loss of 1.8 million jobs due to less spending on health care because of cuts to Medicaid and health insurance subsidies for private insurance. CAP’s analysis is based on estimates from a recently released study by researchers at the George Washington University, one of the few estimates of job loss under the House majority’s health care repeal legislation.
“Nearly 2 million jobs could be at risk under congressional Republican’s health care repeal bill, as the projected impact on Americans gets bleaker by the minute. Members of the minority shouldn’t help Paul Ryan and Donald Trump single-handedly tear down the Affordable Care Act while jeopardizing economic opportunity and the health and safety of individuals and families,” said Christian Weller, Senior Fellow at CAP and co-author of the analysis.
In addition to the analysis released today, CAP has released recent reports showing that the House bill would increase costs for the average enrollee by $3,174 in 2020 when the new program would go into effect.
Click here to read “Estimated AHCA-related Job Loss” by Christian E. Weller and Gregg Gelzinis.
For more information or to speak with an expert, contact Devon Kearns at [email protected] or 202-741-6290.