How Medicaid and SNAP cuts could affect California
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States could lose thousands of jobs and billions of dollars in economic output under potential Medicaid and food assistance cuts, a new estimate finds.
Why it matters: Millions of Americans rely on federal financial assistance — money that gets spent supporting jobs and fueling economic activity.
Driving the news: The U.S. House's latest budget resolution calls for more than $1 trillion in combined cuts to programs that include Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
State of play: A new analysis from the Commonwealth Fund and the George Washington University Milken Institute School of Public Health estimates the economic consequences of major Medicaid and SNAP cuts.
By the numbers: California's GDP would fall by an estimated $17 billion.
- About $1.4 billion would be lost in state and local taxes.
- 139,600 people across the state could lose their jobs — equivalent to about 358 jobs per 100,000 people.