Deep Medicaid/SNAP cuts would cost Colorado’s economy 14,000 jobs next year, according to new report
Colorado could lose thousands of jobs and see a more than $1 billion hit to the economy if Republicans pass cuts to anti-poverty spending through the public health program Medicaid and the nutrition program known as SNAP, according to a newly released study.
Colorado could lose 14,000 jobs in 2026. And the state's gross domestic product could shrink by almost $1.6 billion. The loss in state and local taxes could be $106 million next year.
Nationally the report from the Commonwealth Fund and the George Washington University Milken Institute School of Public Health puts the nationwide figure at one million jobs lost in 2026 alone.