Healthcare bill could cost 924,000 jobs — most of them in health sector

Researchers are predicting that 924,000 jobs would be lost, gross state products would be $93 billion lower and business output would be $148 billion less under the American Health Care Act, according to an article on the Fierce Healthcare website.

Of the nearly 1 million jobs lost by 2026, most of would be in healthcare.

The research, conducted by George Washington University and The Commonwealth Fund, found the healthcare bill would start off by adding 864,000 jobs and growing state economies, since its repeal of Affordable Care Act taxes begin right away.

However, as health coverage-related spending cuts phase in, the picture changes. For the health sector, there's a predicted 24,000-job reduction in 2018. By 2026, that number would grow to 725,000.

Read the article.