Billions of Bucks On Their Way to NM
Tuesday, June 14, 2011
ALBUQUERQUE, N.M. - When the new Patient Protection and Affordable Care Act kicks into gear, it 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 of dollars 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 that the number of jobs created over the same time frame 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.
The full report is at www.nmvoices.org
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