Health Reform’s Impact On Jobs
April 27th, 10Two studies came to two very different conclusions when it comes to healthcare reform’s impact on jobs. The Center for American Progress released results that showed four million new jobs would be created over the next decade as a direct result of health care reform. On the other side of the spectrum is a study done by the Heritage Foundation, predicting that 690,000 jobs would be eliminated due to health care reform. While the new law’s impact on jobs may be debated, it’s easier to tell how certain professions will be impacted.
For instance, insurance agents are likely to see increased demand since the 32 million Americans currently without insurance will need to purchase some. That rule goes into affect in 2014. Anyone who doesn’t own insurance by then will be forced to pay a $695 fine. On the downside, the reform could mean less money will be left to pay commissions for insurance agents.
As far as doctors are concerned, some will benefit from increased Medicare payments. Many physicians will be eligible for incentive payments equal to 10 percent if they meet certain requirements. However, some argue that those payments are still too low when you factor in the costs of many procedures. Since the healthcare debate remains very heated, it’s hard to determine what the outcome will be. Americans are probably best off researching the facts, and making their own decisions.

