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Report: Pennsylvania could lose 85,000 jobs by 2026 under House GOP health-care plan

From TribLive.com

A new report released on Wednesday says the House Republican healthcare overhaul plan could result in nearly 1 million jobs being lost nationwide by 2026 and almost 85,000 jobs lost in Pennsylvania, second highest only to New York.

The study, titled American Health Care Act: Economic and Employment Consequences, by The Commonwealth Fund, a private health-care focused foundation, and the Milken Institute School of Public Health at George Washington University in Washington, D.C., determined that the Republican-backed AHCA would cause every state to suffer an economic downturn with states that expanded their Medicaid coverage, such as Pennsylvania, enduring the worst effects.

“The AHCA would initially cause a brief spurt of economic growth from tax cuts, which primarily help those with high incomes,” said Leighton Ku, the director of the Center for Health Policy Research at the Milken Institute and the lead author of the report, in a statement. “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.”

After House Republicans passed the AHCA, it went to the Senate for consideration, but a panel of senators, including U.S. Sen. Pat Toomey, R-Lehigh Valley, is formulating a separate plan that has not been publicly released.

The Congressional Budget Office has said the number of uninsured Americans would increase by 23 million under the AHCA.

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PA Workforce Development Association