Abstract:Objective. To estimate the effect of growth in health care costs that outpaces gross domestic product (GDP) growth (''excess'' growth in health care costs) on employment, gross output, and value added to GDP of U.S. industries. Study Setting. We analyzed data from 38 U.S. industries for the period 1987-2005. All data are publicly available from various government agencies. Study Design. We estimated bivariate and multivariate regressions. To develop the regression models, we assumed that rapid growth in health… Show more
“…In conclusion there is another aspect of this multifaceted approach, which is the continuous confidence building process between the patients and the medical institutions where the therapy and care are provided. (18,19,20).…”
“…In conclusion there is another aspect of this multifaceted approach, which is the continuous confidence building process between the patients and the medical institutions where the therapy and care are provided. (18,19,20).…”
“…But the RAND Corporation has shown that every new job added to the health care sector results in 0.85 fewer jobs in the rest of the economy [17]. Even worse is that every $1 raised in taxes shrinks the economy by 44 cents.…”
Section: Medicaid Expansion Will Eliminate More Jobs Than It Createsmentioning
This commentary argues against Medicaid expansion inNorth Carolina for 5 reasons: Expansion will reduce access to care for highly vulnerable individuals who are already enrolled in Medicaid; it is unlikely to save lives; it is unaffordable in the long run; its current financing structure encourages fiscal irresponsibility; and it will eliminate more jobs than it creates.
“…To the extent that is the case, then slower growth in health care costs has had the effect of reducing employers' per-worker compensation costs in the short run, increasing their incentives to hire and potentially boosting overall employment. The empirical evidence on these effects is limited, but some studies have found evidence that slower growth in health care costs is associated with faster employment growth (Baicker and Chandra 2006;Sood, Ghosh, and Escarce 2009).…”
Section: Economic Benefits Of a Better Health Care Delivery Systemmentioning
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