The Affordable Care Act enabled 486,000 Kentuckians to have a form of health care. In addition, the ACA boosted the state economy. A repeal of the ACA would have devastating effects on Kentucky’s economy. Together, these economic effects would have a negative impact on the Kentucky healthcare system and affect other aspects of communities throughout the commonwealth. Kentuckians would lose access to necessary medical treatment and healthcare providers would see lose substantial revenue, thus potentially forcing them to reduce necessary and vital services.
If Kentucky residents lose health insurance, it would devastate their family finances. By improving the availability of individual insurance and expanding Medicaid coverage, the ACA has helped millions of Americans afford health care. Without it, people would have less money to spend on other basic necessities like food, clothing, and shelter, which would reduce revenue for retail businesses that supply these goods and services. The effect of this would be that Kentucky would lose another 1.2 million jobs.
The data found by the report shows:
- Total employment in Kentucky would drop by 9%;
- 55,949 jobs would be lost by 2019;
- 2 out of every 1,000 jobs would be eliminated;
- $4.1 billion in federal health care dollars would be lost;
- Over five years beginning in 2019, Kentucky would lose nearly $41 billion in business output;
- Kentucky would potentially realize $718 million less in state and local tax revenue;
- The state is at risk of losing $3.49 billion in federal Medicaid dollars if the Republican Congress eliminates the Medicaid expansion.
Careful planning is essential to receiving the most out of Social Security benefits, especially with a new presidential administration and an uncertain future. If you have any questions, an experienced disability attorney may provide assistance. Do you have a potential Social Security disability claim? To improve your chances of meeting all of the requirements for the allowance of a claim (and avoiding the denial of benefits), retain the services of a qualified Kentucky Social Security Disability attorney. Contact the Sullivan Law Office today. We offer free consultations, so you have absolutely nothing to lose! We look forward to hearing from you. Call 888-587-0228 or visit us online.