Despite the widely touted notion that ObamaCare is putting hospitals out of business, hospital employment barely budged from February 2013 through February 2014. There are still almost five million workers in hospitals, which are often the largest employer in any district. This makes them a political force to be reckoned with.
However, employment growth in health care has come from various ambulatory settings. This may be a good sign, if it indicates patients are using lower-cost outpatient care ― especially convenient clinics in shopping centers and pharmacies ― instead of over-priced hospital services. On the other hand, it could reflect increased demand for medical-office staff to deal with the unprecedented compliance requirements of ObamaCare.
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Overall employment in health care increased 1.32 percent over the twelve months, versus 1.62 percent in nonfarm employment outside health care. The healthcare workforce remains 11 percent of the total nonfarm workforce.
The healthcare workforce is doing fine under ObamaCare. Patients? Not so much.
Source: Bureau of Labor Statistics (March 7, 2014)
