A new economic impact report released by the Arizona Chamber Foundation with analysis prepared by Rounds Consulting Group finds that proposed federal reductions to Medicaid funding could have devastating consequences for Arizona’s economy, healthcare system, and workforce—particularly in rural areas and among small businesses.
The report finds that for every $1 billion reduction in Medicaid spending, Arizona stands to lose:
- More than 36,000 jobs across multiple sectors
- $1.7 billion in labor income
- $3.7 billion in overall economic activity
- $138 million in state and local tax revenues
