Who We Are

The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

Study: Repealing Obamacare Would Increase Uninsured by 24 Million

Obamacare 3Washington, DC, June 14, 2016 ― Peter Sullivan reports in The Hill that if Obamacare were repealed, 24 million fewer people would have health insurance in 2021, according to a new study from the Urban Institute.

The study — which looks only at repeal of Obamacare, not at the effects of any potential replacement plan — finds that 14.5 million fewer people would have coverage through Medicaid or the Children’s Health Insurance Program and 8.8 million fewer people would have individual private coverage like that offered on the health law’s marketplaces.

Another 700,000 fewer people would have health insurance through their jobs.

At the same time, repeal would reduce federal government spending on healthcare by $927 billion over 10 years, the study finds.

However, the Congressional Budget Office has found that despite the lower spending, the deficit would increase because Obamacare’s tax increases and Medicare cuts would also be repealed.

State health spending would also increase without the Affordable Care Act (ACA), by $68.5 billion, as states would have to pick up more of the cost of care for people who lacked insurance.

Sullivan reports that House Republicans are planning to release the outline of a plan later this month.

For Sullivan’s full story in The Hill, click here.