Rep. McEachin Highlights Report Showing ACA Repeal Would Result in Virginia Job Loss

WASHINGTON, Jan. 10 -- Rep. A. Donald McEachin, D-Va., issued the following news release:

Today, Congressman Donald McEachin announced that a new report finds that Virginia would lose more than 51,000 jobs and the nation overall would lose a total of 2.6 million jobs in 2019 alone as a result of the Republicans' repeal of the Affordable Care Act. About one-third of the jobs lost would be in health care, but the majority would be in other industries like construction, real estate, retail trade, finance, and insurance.

This report documents how the ACA repeal would have consequences well beyond the health care system - leading to substantial job losses and losses in state economic activity.

"In addition to removing the security of access to affordable health care for more than 20 million Americans of all socioeconomic backgrounds, repealing the Affordable Care Act would also jeopardize the positive job growth we have seen under the leadership of President Obama," said Congressman Donald McEachin.

The state-by-state report was prepared by the nonpartisan Commonwealth Fund and George Washington University's Milken Institute School of Public Health. It analyzes the economic impact of the repeal of two specific provisions of the Affordable Care Act - the premium tax credits for individuals in the ACA Marketplaces and the Medicaid expansion.

"The ACA Repeal would have a negative impact on Virginians that I cannot stand for," said Congressman Donald McEachin.

In addition to job loss, the report also analyzes what the impact of ACA repeal would be on each state's gross state product (the state-level equivalent to the national Gross Domestic Product) and state and local taxes.

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