How Potential Federal Cuts to Medicaid and SNAP Could Trigger the Loss of a Million-Plus Jobs, Reduced Economic Activity, and Less State Revenue

Report from The  Commonwealth Fund and GWU’s Milken Institute School of Public Health analyzes  the impact of potential federal funding cuts of least $880 billion in Medicaid and $230 billion to the Supplemental Nutrition Assistance Program (SNAP) over 10 years. The report shows that if implemented, these cuts could result in the loss of 1 million jobs, a $113 billion decline in states’ gross domestic products (GDPs), and loss of $8.8 billion in state and local tax revenue in 2026 alone. Medicaid and SNAP cuts could cause a combined $1.1 trillion loss to critical programs and services nationwide by 2035.