Commonwealth Fund Study Finds that Repealing Obamacare Could Cost 3 Million Jobs
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...