Analysis: Senate repeal-and-replace bill could cut 1.45M jobs by 2026

Passage of the Senate's Better Care Reconciliation Act would lead to 1.45 million fewer jobs by 2026, according to a new study from the Commonwealth Fund.

While the study found that the bill's passage would lead to the initial addition of 753,000 jobs, federal funding cuts beginning in 2020 would quickly deflate those numbers. Of the jobs lost by 2026, the study estimates that 919,000 of them, or 63 percent, will be in the healthcare sector.

The economic effects of the BCRA are much worse than those projected for the AHCA, though they result in similar losses of insurance coverage.

Though the tax breaks from the BCRA would initially provide job growth, these breaks are greatly outweighed by the funding cuts in the bill that would reverse any gains made in the bill's first few years. New York, California and Pennsylvania would be hit the hardest by the law, with each of those states losing over 100,000 jobs.

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