Repealing the Affordable Care Act’s federal premium tax credits and Medicaid expansion to low-income adults in 2019 would result in a $140 billion cut in federal funding for health care and 2.9 million job losses that year, according to a report from the Milken Institute School of Public Health at George Washington University and The Commonwealth Fund. “If replacement policies are not in position, state economic losses will rise,” the report adds. “From 2019 to 2023, there will be a cumulative $1.5 trillion loss in gross state products and a $2.6 trillion reduction in business output (combined transactions at the production, wholesale and retail levels). State and local taxes also will fall during this period, dropping by $48 billion.” The federal premium tax credits help low- and moderate-income Americans purchase coverage in the health insurance marketplaces. The federal government also covers most of the cost of covering newly eligible adults for states that expand Medicaid eligibility.

Related News Articles

Headline
The House July 3 voted 218-214 to pass the final version of the One Big Beautiful Bill Act (H.R. 1), which enacts many of President Trump’s legislative…
Headline
The AHA July 3 released the Health Care Plan Accountability Update for the second quarter of 2025. The update covers the latest developments in Medicare…
Headline
The Senate narrowly passed the One Big Beautiful Bill Act (H.R. 1) on July 1 by a 50-50 tally, with Vice President J.D. Vance casting the tie-breaking vote.…
Headline
The AHA June 29 sent a letter to senators urging them to amend the budget reconciliation bill before its final passage in the Senate. The Senate version of the…
Headline
The latest video in the AHA’s series “Medicaid: Real Lives, Real Care” features Melissa Fannon-Wisner, DNP, nurse educator and nurse practitioner at Valley…
Headline
In a Q&A, Becky Pletzer, a social worker and mother, explains how critical Medicaid has been to support her son with disabilities, and why cuts to the…