All jobs may not be good jobs, especially when it comes to the healthcare sector.
At least, that's what Politico's Dan Diamond muses in this recent article. The healthcare sector is single-handedly responsible for much of the nation's job growth — and much of its cost growth, too.
Rather than killing jobs, the Affordable Care Act actually created jobs, many in the healthcare industry itself, as demand for healthcare services increased from newly enrolled Americans. Since the ACA became law in 2010, the healthcare industry has added 2 million jobs, according to Mr. Diamond.
Yet more jobs mean more paychecks — and that doesn't do much for cost controls. According to Mr. Diamond, many corporate leaders in other industries are saying healthcare costs are slowing them down. They can't pay employees more and the costs can even make it difficult to compete internationally.
The challenge now will be to make sure the industry creates the right jobs — ones that add to the quality of healthcare delivery but do not create waste, according to Mr. Diamond.
Read the full article here.
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