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.
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