Albuquerque, NM – When the new Patient Protection and Affordable Care Act kicks into gear, New Mexico stands to get billions of dollars for health care reform. A report just released today (Tuesday) finds that the economic impact for the state will include more than just the health care sector.
The Affordable Care Act is expected to not only provide health insurance for New Mexicans who don’t currently have it...but a huge economic impact for the state overall. New Mexico Voices for Children releases a report today that details the influx of dollars, and explains how the state will benefit from them. 'Voices' Policy Director Bill Jordan says New Mexico stands to gain billions over the next few years. "From 2014 to 2020 – that’s a seven-year period – it is almost $11 billion. That’s twice the size of our annual state budget. So, we are talking about a lot of money into the state."
Jordan says that’s not all...the report indicates the jobs created over the same timeframe is in the thousands, "In terms of jobs, we’d be looking at, over that seven-year period, creating about 38,000 new jobs as a result of all of those billions that come into the state."
Opponents of health care reform see it as a drain on the nation's budget. But Jordan says New Mexico should work to take full advantage of the money, to strengthen the state’s economy and put more people to work.