The AFL-CIO has released an analysis highlighting the potential consequences of Medicaid cuts proposed in a budget reconciliation bill currently under consideration by Senate Republican leaders. According to the report, these cuts could result in increased health care costs for all, including an estimated rise of up to $485 annually for 179 million people with employment-based insurance.
AFL-CIO President Liz Shuler commented on the findings, stating, “This budget reconciliation bill makes it seem like cutting Medicaid is going to save taxpayers money when it’s really going to cost all of us more—all to give tax breaks to the rich.” She added that they would not allow Congress to make health care more expensive and less accessible for working individuals.
The analysis projects several outcomes if the bill becomes law:
– Premiums could increase by nearly $500 per person annually for those with job-based insurance and nearly $2,000 for a family of four.
– Sixteen million people might lose their health coverage entirely, leading to higher patient numbers in urgent care and emergency rooms, subsequently driving up costs across the healthcare system.
– States might need to reduce funding for essential services such as schools and fire departments due to federal cuts, risking jobs in these sectors.
– Hospitals and healthcare providers may face billions in uncompensated care costs, which could lead to higher premiums and reduced access as facilities close due to financial strain.
– Over 600,000 frontline healthcare workers risk losing their jobs.
– More than 330 rural hospitals nationwide might be forced to close, affecting access to emergency services in those communities.
The full analysis is available for further details.
