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Trump’s Medicaid cuts could shrink red state’s GDP by ‘$27.8 million per year’: study

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Wyoming is among the many reddest states within the Mountain West. Donald Trump carried Wyoming by roughly 46 p.c within the 2024 presidential election, and the final Democratic president who gained Wyoming was Lyndon B. Johnson in 1964.

However Wyoming, like many different pink states, is closely reliant on safety-net packages that Democrats champion — together with Medicaid. And based on a newly launched examine organized by The Natrona Collective Well being Belief and carried out by Regional Financial Fashions, Inc. (REMI), the steep Medicaid cuts in Trump’s “large, stunning invoice” are going to have extreme results within the deeply Republican state.

The examine discovered that Wyoming’s economic system may shrink by $140 million over 5 years.

READ MORE: Stick a fork in him: Trump lastly faces the specter of retribution — from MAGA

WyoFile reporter Katie Klingsporn notes, “The intent was to match the results of the newly enacted federal cuts with the potential financial features Wyoming may take pleasure in underneath a special state of affairs: Medicaid growth. The Well being Belief launched the examine on the heels of the invoice’s slender passage into regulation — which makes the prognostications associated to cuts much more related.”

In response to Dr. Peter Evangelakis, senior vp of economics and consulting at REMI, “The impacts right here begin within the well being care sector, however they actually unfold all through the whole economic system, by way of throughout completely different industries.”

Klingsporn notes, “These impacts embrace an estimated lack of 192 jobs per yr — with simply over half of these in well being care, adopted by development, retail and authorities. The state’s gross home product will shrink by $27.8 million per yr, the report finds, and residents may have $14.6 million much less yearly in disposable private revenue. The toughest-hit areas would be the ones dwelling to Wyoming’s two largest cities: Casper and Cheyenne.”

Klingsporn provides, “The examine provides a glance into the broader financial penalties of a coverage many advocates say may have detrimental impacts on Wyoming’s well being care panorama. A minimum of 12,000 Wyoming residents are projected to lose well being protection underneath the regulation, health-care advocates say.”

READ MORE: Blatantly political’: Outrage grows as Individuals obtain deceptive e mail from Trump admin

Wyoming Republicans who voted in favor of Trump’s “large, stunning invoice” embrace Sens. John Barrasso and Cynthia Lummis and Rep. Harriet Hageman, who occupies the seat as soon as held by former Rep. Liz Cheney. A scathing critic of Trump and key participant on former Home Speaker Nancy Pelosi’s (D-California) January 6 Choose Committee, Cheney was voted out of workplace when the ultra-MAGA Hageman — a Trump loyalist — defeated her in a GOP major.

Klingsporn experiences, “The place the cuts will result in a shrinking state economic system, the examine discovered, increasing Medicaid in Wyoming would do the reverse. Increasing enrollment may result in 440 new jobs over 5 years and a $60.9 million yearly improve in GDP, the examine discovered. That features a $41.5 million improve in disposable private revenue per yr, which breaks right down to about $160 per household.”

READ MORE: ‘That is his king advanced’: Republicans cut up as Trump threatens to ‘takeover’ a ‘pigsty’

Learn the complete WyoFile article at this hyperlink.



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Tags: CutsGDPmedicaidMillionRedShrinkStatesStudyTrumpsyear
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