Health coverage for 700,000 residents is at stake in New Jersey, as experts warn that repealing Obamacare — officially known as the Affordable Care Act — without a plan to replace it would cut hundreds of millions of dollars hospitals rely on to serve patients, which could mean service cuts and potential worker lay offs.
Dobson DaVanzo & Associates was commissioned by the Federation of American Hospitals (FAH) and the American Hospital Association (AHA) to estimate the financial impact on hospitals of repealing the Affordable Care Act (ACA) without any implementation of a replacement.
The study found that between 2018 and 2026, the loss of coverage would have a direct cost of $165.8 billion and hospitals will suffer additional losses of $289.5 billion.
“The hospital community’s top priority, without a doubt, is to ensure coverage for the 21 million Americans who gained it under (Obamacare),” said Richard J. (Rick) Pollack is the President and CEO of the American Hospital Association. “Ultimately, if Congress does not act to preserve coverage or to restore these cuts, many hospitals will not have the resources they need to care for patients, many of whom will lack insurance if ACA is repealed. That would be disastrous for patients and for hospitals.”
New Jersey hospitals and health systems contributed $22.7 billion to the Garden State economy in 2015, according to the 2016 N.J. Hospitals Economic Impact Report released last month by the New Jersey Hospital Association (NJHA).
Republican Rep. Charlie Dent (PA-15) has been vocal about his view that GOP lawmakers must approve an alternative before they repeal President Obama’s signature health policy.
Many Democrats say the national government-run single-payer health insurance program — Medicare — should be extended to cover all Americans. Republicans have voted dozens of times to repeal the ACA, which Obama shepherded into law based on ideas originally advanced by such GOP luminaries as Mitt Romney and Bob Dole.
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