New Analysis Shows NY Would Lose 131,000 Jobs Under ACA Repeal
Posted January, 6 2017 by Taylor Frazier
According to a new study from the Milken Institute School of Public Health at the George Washington University and The Commonwealth Fund, New York would lose 131,000 jobs in 2019 if the advanced premium tax credits and federal funding for Medicaid expansion under the Affordable Care Act (ACA) were repealed.
According to the study, 37 percent of jobs lost would be in the health care sector, but repeal of the ACA would also affect jobs in other industries including: construction, real estate, retail, finance, and insurance. The study also shows that more than $240 billion in state revenues and taxes would be lost by 2023.
You can access the full New York State Fact Sheet here.