Repealing Obamacare Would Cost Jobs In Every State

The bipartisan research organization, Economic Policy Institute, just released their current report.

Economic Policy Institute, “The Republican-led effort to repeal the Affordable Care Act (ACA) includes two large fiscal changes: a tax cut and a spending cut.1 Because the U.S. economy still has some productive slack, these significant fiscal changes will affect the pace of economic growth. Essentially, this productive slack is caused by households, businesses, and governments that are still spending less than what the economy could produce if all resources (including workers) were fully employed. This shortfall in spending (or aggregate demand) is hence the current binding constraint on the economy’s growth rate. In this environment, the sudden withdrawal of spending from the economy from ACA repeal would add job loss to the loss of health and financial security for tens of millions of Americans.”[1]

Download their full Press Release (PDF)

References:

1. Economic Policy Institute, January 31, 2017, Josh Bivens – Repealing the Affordable Care Act would cost jobs in every state