Health Care: An Alternate Economic Universe – Health Affairs Blog

In July, 2012, the US economy produced roughly the same volume of goods and services as it did five years earlier with five million fewer workers.  Yet, during the first four years of the recession May 2007 to May 2011, the US health system, despite slowing or declining utilization, added 1.149 million workers.  Key sectors, specifically hospitals and physician offices, grew their workforces despite declining admissions and office visit volume. Employment data in this post comes from the Bureau of Labor Statistics’ BLS National 4-digit NAICS Industry-Specific Estimates from May 2007 and May 2011.

via Health Care: An Alternate Economic Universe – Health Affairs Blog.

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