NCPA Experts Score Repealing and Replacing the ACA Results: More Employment, More Personal Income, Less Federal Revenue
The National Center for Policy Analysis' Tax Analysis Center recently scored the economic and revenue effects of the proposed House plan. The results? The plan would unburden the job market and increase workers' incomes due to the repeal of Obamacare taxes, but would bring in less federal revenues.
Using the NCPA-DCGE model developed by Dr.
Among their findings:
- Health care reform would increase real gross domestic product (GDP), relative to the current baseline, by 1.34 percent in 2018 and by 1.50 percent in 2027.
- Private sector employment would exceed baseline by 745,000 jobs in 2018 and 940,000 jobs in 2019.
- It would bring about additional increases in personal income, business investment and net exports.
- However, it would reduce federal revenues by about
$1 trillion over 10 years.
Said
Summary of the results: http://www.ncpa.org/pub/the-economic-effects-of-repealing-the-affordable-care-act
Read the full story at http://www.prweb.com/releases/2017/03/prweb14158930.htm
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