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Health Reform = Jobs

Expanding on a December White House Council of Economic Advisers Report, David Cutler and Neeraj Sood conducted a study on the number of jobs that will be created in specific industries as a result of health reform. The Harvard-USC team found that up to 400,000 jobs will be created per year over the next decade as a direct result of slowed growth in premiums and medical costs. The results are based on data from 38 industries from 1987-2005 and the authors state that,

‘Reducing the growth of health insurance premiums would allow employers with full-time positions to pay higher wages and allow such workers to return to jobs they would prefer.’

Below are two charts from the report which can be accessed in full here.