The Healthcare Economy


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America spends $2 trillion a year on health care, or $6,666 per man, woman, and child in this country. Meanwhile, a new study suggests that the only meaningful growth in jobs between 2001 and 2006 was in Health Care. Have we become dependent on a broken system for economic survival?

According to AlterNet, during the period of 2001 - 2006, the U.S. economy gained 1.7 million jobs compared to a net even in the other sectors. Health care, it is said, is one sector of the economy that is immune from outsourcing which is why it grows while the rest of the economy appears to stagnate.

One has to wonder whether a move to a nationalized system for healthcare would knock-out the one tent pole providing any job growth in the economy. It is estimated that the U.S. economy must add 150,000 jobs a month to keep unemployment in check. It is unclear what kind of disruption nationalizing such a system would have on the job market.


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