Health Care Just Became the U.S.'s Largest Employer

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"In 2000, there were 7 million more workers in manufacturing than in health care. At the beginning of the Great Recession, there were 2.4 million more workers in retail than health care. In 2017, health care surpassed both."

"...health care is publicly subsidized, in several ways. Most directly, the U.S. spends hundreds of billions of dollars each year on Medicare, Medicaid, and health-care benefits for government employees and veterans. More subtly, the U.S. subsidizes private insurance in several ways, including through a tax break for employers that sponsor health care. This public support makes health-care employment practically invincible, even during the worst downturns. Incredibly, health-care employment increased every month during the Great Recession."

"...the two most destabilizing forces for labor in the last generation have been globalization and automation. Together, they have hurt manufacturing and retail by offshoring factories, replacing human arms with robotic limbs, and dooming fusty department stores. But health care is substantially resistant to both. While globalization has revolutionized supply chains and created a global market for manufacturing labor, most health care is local. A Connecticut dentist isn’t selling her services to Portugal, and a physician’s receptionist in Lisbon isn’t directing her patient to Stamford. Health-care work has, so far, been generally resistant to automation, too. While artificial intelligence may one day take over radiology, while programmable robots replace brain surgeons, that future isn’t quite here yet."

"Recently, the growth in health-care employment is stemming more from administrative jobs than physician jobs. The number of non-doctor workers in the health industry has exploded in the last two decades. The majority of these jobs aren’t clinical roles, like registered nurses. They are mostly administrative and management jobs, including receptionists and office clerks. It’s not always clear that these workers improve health outcomes for patients. “Despite all this additional labor, the most meaningful difference in quality over the past 10 years is the recent reduction in 30-day hospital readmissions from an average of 19 percent to 17.8 percent,” wrote Robert Kocher, a senior fellow at the Schaeffer Center for Health Policy and Economics at the University of Southern California."

"This isn’t the end of health care’s run. It’s just the beginning. Of the 10 jobs thatthe Bureau of Labor Statistics projects will see the fastest percent growth in the next decade, five are in health care and elderly assistance. The two fastest-growing occupations—personal-care aides (who perform non-medical duties for older Americans, such as bathing) and home-health aides, (who help the elderly with medical care)—are projected to account for one in every 10 new jobs in that time. The entire health-care sector is projected to account for a third of all new employment."

Health Care Just Became the U.S.'s Largest Employer



Also,
Healthcare Occupations : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics
Best Healthcare Jobs of 2018
Why Nerds and Nurses Are Taking Over the U.S. Economy - The Atlantic
 

DrBanneker

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All that says to me is that the Federal and Local government is directly or indirectly responsible for the very large majority of employees in the country

I was thinking the same since I am betting the majority that expansion is not care workers (doctors, nurses, etc.) but administrative and accounting types.

I have worked in manufacturing over a decade, and we saw this coming for a while actually. If you look at any city in the Northeast and Midwest, and increasingly down South, cities whose largest employers 50 years ago were manufacturing firms now have their largest employees as Universities + University Health Centers/Hospitals. Pittsburgh, Rochester, Buffalo, Syracuse, Cleveland, etc. all had big steel or manufacturers like Xerox/Kodak as the largest employers until the 2000s. Now it is the local university health system.

Even if it is government subsidized to an extent, I can't hate. Without those jobs these places would be even worse off than they are. The big question though is what happens to them when the student loan bubble bursts...
 
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I was thinking the same since I am betting the majority that expansion is not care workers (doctors, nurses, etc.) but administrative and accounting types.

I have worked in manufacturing over a decade, and we saw this coming for a while actually. If you look at any city in the Northeast and Midwest, and increasingly down South, cities whose largest employers 50 years ago were manufacturing firms now have their largest employees as Universities + University Health Centers/Hospitals. Pittsburgh, Rochester, Buffalo, Syracuse, Cleveland, etc. all had big steel or manufacturers like Xerox/Kodak as the largest employers until the 2000s. Now it is the local university health system.

Even if it is government subsidized to an extent, I can't hate. Without those jobs these places would be even worse off than they are. The big question though is what happens to them when the student loan bubble bursts...


Thats what the article said:

"Recently, the growth in health-care employment is stemming more from administrative jobs than physician jobs. The number of non-doctor workers in the health industry has exploded in the last two decades. The majority of these jobs aren’t clinical roles, like registered nurses. They are mostly administrative and management jobs, including receptionists and office clerks. It’s not always clear that these workers improve health outcomes for patients."


but also:

"Of the 10 jobs that the Bureau of Labor Statistics projects will see the fastest percent growth in the next decade, five are in health care and elderly assistance. The two fastest-growing occupations—personal-care aides (who perform non-medical duties for older Americans, such as bathing) and home-health aides, (who help the elderly with medical care)—are projected to account for one in every 10 new jobs in that time. The entire health-care sector is projected to account for a third of all new employment."
 
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I got a STEM degree, but I have mostly worked in healthcare, and once I got into that industry, I have never looked to work in any other industry. this was about 13 years ago now.

my job is focused more on data, system quality and performance improvement though.


what do you think about this,

 

Cynic

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I got a STEM degree, but I have mostly worked in healthcare, and once I got into that industry, I have never looked to work in any other industry. this was about 13 years ago now.

my job is focused more on data, system quality and performance improvement though.

I did a STEM Masters, absolute waste of money and time since I got into business anyway
 

Makavalli

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what do you think about this,



Someone told me that the demand for medical billing and coding workers will
Continue to grow and that i should look into it. I saw a few training courses online and some places u can work remote so i wanted to do it as a 2nd job and see how it goes. I got family in montefiore so i figured after a year or 2 of experience they could plug me in
 
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Someone told me that the demand for medical billing and coding workers will
Continue to grow and that i should look into it. I saw a few training courses online and some places u can work remote so i wanted to do it as a 2nd job and see how it goes. I got family in montefiore so i figured after a year or 2 of experience they could plug me in


get it while you can..... its like trucking; automated trucks are out now but there is a lot of redtape ..... plus congress.... but it doesn't mean it isn't coming......

...likewise ...the future of healthcare is automated.... you don't see it now but its slowly rolling out....


look at this,
https://www.forbes.com/sites/reenitadas/2018/01/03/10-future-healthcare-jobs-to-watch/#36ea922a2032

^^^its already being talked about
 

Nikki_04

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Someone told me that the demand for medical billing and coding workers will
Continue to grow and that i should look into it. I saw a few training courses online and some places u can work remote so i wanted to do it as a 2nd job and see how it goes. I got family in montefiore so i figured after a year or 2 of experience they could plug me in

My cousin is in that and they are already starting to downsize and outsource jobs in that field.
 

Makavalli

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My cousin is in that and they are already starting to downsize and outsource jobs in that field.

By outsourcing Do you mean removing them from the office and having people telework or sending them jobs to india for $2 an hour?? Cause im not looking to do it full time just part time or working from home on contract for a few hours cause i got a lot of down time at my current gig. I know surgical coding and billing is something they probably still want in house
 
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