GOP Health Care Law Could Cost Nearly 1 Million Jobs, Report Finds - NBC 5 Dallas-Fort Worth
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GOP Health Care Law Could Cost Nearly 1 Million Jobs, Report Finds

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    NEWSLETTERS

    New estimates from the Congressional Budget Office say about 23 million Americans could lose coverage under the health care bill sponsored by the GOP. (Published Wednesday, May 24, 2017)

    The American Health Care Act, the GOP’s answer to Obamacare, could end up costing the U.S. economy close to 1 million jobs, researchers predicted Wednesday.

    If the bill passes, it would initially boost jobs and increase economic output, "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," said Leighton Ku, director of the Center for Health Policy Research, who led the study team.

    Health care jobs are an enormous part of the U.S. economy — making for 18 percent of the total Gross Domestic Product or GDP. Hospitals, clinics, doctors and health care services are major sources of jobs, too.