• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Kentucky Center for Economic Policy

Kentucky Center for Economic Policy

   

  • About Us
  • Press Room
  • Events
  • Job Opportunities
  • Donate

Research That Works for Kentucky

  • Topics
    • Budget & Tax
    • Criminal Justice
    • Economic Security
    • Education
    • Health Care
    • Jobs & The Economy
  • Types
    • News
    • Op-Ed
    • Research

   

  • About Us
  • Press Room
  • Events
  • Job Opportunities
  • Donate

Copyright © 2021 KyPolicy Privacy Policy Terms & Conditions Sitemap

Analysis

Kentucky Would Have the Second Highest Rate of Job Loss With Healthcare Law Repeal

Dustin Pugel | January 31, 2017

If the Affordable Care Act is repealed, Kentucky’s rate of job loss would be the second worst of any state with the elimination of an estimated 55,949 jobs or nearly 3 percent of the state’s workforce, according to a new analysis by the Economic Policy Institute.

Kentucky’s job loss as a share of its employment would be higher than any other state except New Mexico.

More On Health Care: KY Faces a Terrible COVID Christmas, Scary New Year. But ‘Freedom Fighters’ Bury Their Heads.

The report also shows that repeal would take away $4.1 billion in federal spending from Kentucky’s economy while the tax cuts that would also be part of ACA repeal would only put back $677 million into the Commonwealth, largely benefitting a small number of extremely wealthy people. The report estimates the net loss of $3.4 billion would be worse for Kentucky than any other state relative to the size of the population.

Our state’s decision to expand Medicaid and cover more people resulted in a huge increase in federal funding and the evaporation of those dollars is the primary cause of the job loss. The $4.1 billion we receive in federal monies through Medicaid and premium and cost-sharing subsidies under the ACA is equivalent to over 2 percent of Kentucky’s GDP, a larger share than any state but New Mexico. Those dollars don’t just stay in the healthcare industry, but help pay construction workers, for example, who expand hospitals and clinics. That money also makes its way to industries like retail, food, and other services where nurses, doctors and other healthcare sector workers spend their salaries.

Here’s a look at job losses from ACA repeal across the country:

FacebookTweetLinkedInEmail

Primary Sidebar

Get KyPolicy news updates in your inbox

Sign Up

Sidebar

Perspectives

Kentucky Must Remove the Roadblocks to Unemployment Insurance — Our Most Important Economic Stabilizer

Many Kentuckians Face Hunger and Hardship This Thanksgiving. They Need Relief.

Kentucky Lives and Livelihoods Are on the Line with Supreme Court Challenge to ACA

Letter to Governor Beshear: Priorities for Use of Remaining Coronavirus Relief Fund Monies

Congress Can’t Go Home Without Passing a Strong Aid Package

Other Health Care Items

Analysis

Kentucky Has Much to Lose if Supreme Court Strikes Down the Affordable Care Act

Analysis

Covering All Uninsured Black Kentuckians Is Crucial to Achieving Universal Coverage

Analysis

What’s in the HEROES Act for Kentucky

Ky. Policy

Footer

Research that works for Kentucky

433 Chestnut Street, Berea, KY 40403

Phone: 859-756-4605

General information and inquiries: info@kypolicy.org

   

Help us make the facts free and accessible to everyone. That’s how Kentucky will thrive.

Donate

  • Topics
    • Budget & Tax
    • Criminal Justice
    • Economic Security
    • Education
    • Health Care
    • Jobs & The Economy
  • Work
    • News
    • Op-Ed
    • Research
  • About Us
  • Press Room
  • Contact

Get KyPolicy news updates in your inbox

Sign Up

Copyright © 2021 KyPolicy Privacy Policy Terms & Conditions Sitemap

made by P&P
Share this ArticleLike this article? Email it to a friend!

Email sent!
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you consent to the use of cookies.OkPrivacy policy