Weekly Economic Snapshot 5/30 - 6/2
Economic Facts for this Week
Joint Economic Committee Democrats are providing a variety of resources on TrumpCare as members head home for the district work period:
- State-by-state estimates of how many people would lose private-coverage, how much premiums on the individual market would rise, and what increased uncompensated care costs hospitals would face.
- State-by-state graphics showing how much a family would need to save to max out their HSA each year, and how Medicaid contributes to substance abuse treatment.
- 10 Ways TrumpCare hurts rural America, including the fact that 2.9 million rural Americans could lose coverage.
- Updated charts on how AHCA could affect Americans, including a skyrocketing number of uninsured.
Chart of the Week
Under TrumpCare, 51 million Americans would be uninsured by 2026. In addition, older, poorer Americans could see their health insurance premiums increase by more than 9 times.
ICYMI
- Restrictions to housing supply have constrained workers’ options about where to live and work, lowering U.S. growth by more than 50 percent from 1964 to 2009.
- Almost 9 million children in the United States will spend at least half of their lives through age 17 living in poverty. Only 62 percent of these children will complete high school and more than half will continue to experience poverty at some point between ages 25 and 30.
- New research shows that bail decisions tend to be biased against black defendants.
Coming This Week
- Tuesday 8:30am: Personal Income and Outlays for April 2017 (including the Federal Reserve’s preferred measure of inflation) - https://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
- Friday 8:30am: Employment Situation for May 2017 (Jobs Numbers) - https://www.bls.gov/news.release/empsit.nr0.htm
