Health Care Spending and Health Care Jobs - The Dichotomy

http://viableopposition.blogspot.ca/2013/07/health-care-spending-and-health-care.html

 

With the Patient Protection and Affordable Care Act (PPACA) aka Obamacare making the news cycle on a regular basis, the following information is rather pertinent given that there are many different scenarios that could play out in the American health care system as a result of its implementation.  This will impact all taxpayers down the road as the ultimate burden for health care costs lie on the shoulders of Main Street America.

A recent analysis by the Advisory Board Company, a global research and consulting firm specializing in health care and education, examined the relationship between growth in the rate of spending on health care and the growth in the number of jobs in health care.  The analysis notes two things:

1.) The cost curve for health services is rising at a slower rate with time.

2.) The number of employees in health services keeps growing at the same (or greater) rate with time.

That seems like a conundrum, doesn't it?