Congress has another reason not to roll back Obamacare too quickly: New research suggests that repealing two major provisions of Obamacare without replacing them right away could cost the nation 3 million jobs and trigger negative economic impacts that would extend far beyond the health care industry.
The report was released Thursday by the Commonwealth Fund and George Washington University’s Milken Institute School of Public Health. It assumes Congress will gut two key provisions of the Affordable Care Act — subsidies that help low- and moderate-income people pay for coverage and Medicaid expansion — and that Congress won’t put a replacement plan in place.
If that happens, it would set off a chain reaction that could cost America an estimated 2.6 million jobs in 2019 alone, the report said. And these losses could rise to nearly 3 million by 2021.
The federal government funds both state Medicaid expansion programs and the Obamacare premium subsidies. This money eventually flows to insurers and providers, including hospitals, clinics, pharmacies and other medical facilities. It’s used to purchase medical equipment and other goods and to pay staff and vendors.
Hot Medical Stocks To Buy For 2018: Ollie's Bargain Outlet Holdings, Inc.(OLLI)
- [By Monica Gerson]
Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI) is estimated to post its quarterly earnings at $0.17 per share on revenue of $190.44 million.
MGC Diagnostics Corp (NASDAQ: MGCD) is projected to post earnings for the latest quarter.
- [By WWW.THESTREET.COM]
All is not lost for retail, however. Cramer continued to recommend the closeout and discount chains like TJX Stores (TJX) , Ollie’s Bargain Outlet (OLLI) and Burlington Stores (BURL) . He was also bullish on those who cater to the millennials, like Six Flags (SIX) , Dave & Busters (PLAY) and Foot Locker (FL) , where trying on shoes never seems to go out of style.
Hot Medical Stocks To Buy For 2018: MGE Energy Inc.(MGEE)
- [By Lisa Levin]
In trading on Wednesday, utilities shares fell by 0.75 percent. Meanwhile, top losers in the sector included California Water Service Group (NYSE: CWT), down 7 percent, and MGE Energy, Inc. (NASDAQ: MGEE), down 6 percent.
Hot Medical Stocks To Buy For 2018: Safeway Inc.(SWY)
- [By Peter Graham]
A long term performance chart shows shares of small cap SUPERVALU now underperforming large cap Kroger Co (NYSE: KR) while shares of large cap Whole Foods Market, Inc (NASDAQ: WFM) and mid cap Safeway Inc (NYSE: SWY) appear to be back to where they started at:
- [By Peter Graham]
A long term performance chart shows shares of SUPERVALU underperforming the underperformance ofmid caps Whole Foods Market, Inc (NASDAQ: WFM) and Safeway Inc (NYSE: SWY). while large capKroger Co (NYSE: KR)had outperformed up until the last two years when performance has been more mixed: