AHCA to slash workforce by 1.8M jobs: 4 notes

The GOP's American Health Care Act is likely to cut the workforce by 1.8 million jobs in 2022, according to new analysis by the Center for American Progress, a progressive-leaning research and advocacy organization.

Here are four notes:

1. The job reduction is due to a combination of factors. The analysis says the new law will reduce Medicaid and subsidy for private insurance spending, which yields less money for healthcare overall. Additionally, the AHCA truncates taxes for higher-income Americans which will impact employment rates.

2. The report states, "Less spending on healthcare due to cuts to Medicaid and health insurance subsidies will lower employment in the future, while tax cuts could result in some positive effects on jobs. As a result, there will be 1.8 million fewer jobs in 2022 than otherwise would have been, in our estimates."

3. Recent Congressional Budget Office projections say 14 million Americans will lose health coverage by 2018.

4. The CBO also estimated 24 million Americans will lose their coverage within the next decade, according to McClatchy.

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