Press Releases | Budget Taxes and Public Investment

News from EPI Ryan plan to slash Medicaid would cost the economy about 862,000 jobs

For Immediate Release: Tuesday, April 10, 2012
Contact:
Phoebe Silag or Karen Conner, news@epi.org 202-775-8810

 

 

Ryan plan to slash Medicaid would cost the economy about 862,000 jobs

 

The budget proposed by Wisconsin Rep. Paul Ryan for fiscal year 2013 would cut Medicaid by $544 billion over the next five years. In a new report, EPI policy analyst Ethan Pollack documents how these cuts would weaken the economy and cost jobs. Using standard macroeconomic estimates that are consistent with private- and public-sector forecasts, Pollack finds that Ryan’s proposal would cost 862,000 jobs in 2014 and would continue to drag on job-growth in later years. These jobs losses would be mostly in the private sector and would impact every stateClick here for the FULL ANALYSIS, which includes job-loss numbers for each state.