Next Things First


Health Care as Lone Bright Spot by Rob Coppedge
December 8, 2008, 1:00 pm
Filed under: economy, Uncategorized | Tags: , ,

As blogger Merrill Goozner writes over at GoozNews.com, the only bright spot in the recent jobs numbers came from the health care industry:

Looking for a bright spot in Friday’s dismal job report? Think how bad it would have been had the health care sector not added 52,100 jobs last month.

That’s right. While the rest of the economy was shedding nearly 600,000 jobs and the nation’s once-proud automobile industry went begging for a bailout so it could continue to pay for, among other things, its employees and retirees health care bills, hiring remained robust at the nation’s hospitals, physician offices, diagnostic labs, nursing homes, and home health care agencies.

This raises an interesting conundrum for health care reformers who are primarily concerned about the unsustainable rise in health care costs. Who in the midst of a deep recession will be willing to whack away at medical waste when it is one of the only sectors generating lots of new jobs for thousands of fearful Americans?

Read through Goozner’s full post for some interesting analysis.  We feel strongly that – especially during the economic downturn – segments of the health care industry are positioned well for growth.  With the announcement of major (if still undefined) federal investments in  health care technology, there is a possiblity these fundamental trends will be augmented by government spending.

Posted by RobC

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