Today’s Managing Health Care Costs Indicator is 26.8%
The Bureau of Labor Statistics reported that health care added 31,300 jobs in July – over a quarter of the new jobs added in the US
The underlying problem is likely that we aren’t adding enough jobs in the rest of the economy. There are good reasons why we might be adding more jobs in health care than elsewhere – as our population ages.
Still, this is a great illustration of our mixed emotions about the cost of health care. As long as health care is adding 26.8% the new jobs in our economy , the cost of health care will continue to grow at a faster rate than the overall economy.
We can’t celebrate health care job growth at the same time we complain of increasing health care costs. Earlier post on this topic.
A brief personal note. The Pan Mass Challenge was a great ride this past weekend – about 190 miles cycling from Sturbridge to Provincetown
