The demographic wave of Baby Boomers getting older is generating a jobs boom in the healthcare sector. At The American Spectator, Betsy McCaughey explains how Democrats’ “Medicare for All” plan will destroy that job growth and harm healthcare for millions of seniors. She writes (abridged):
If you’re looking for work, this is the best job market in fifty years. The economy is soaring.
But Democrats running for president are pitching plans that will destroy millions of jobs, doubling the number of people out of work.
Consider Medicare for All. It will wipe out a staggering 2.5 million health insurance and healthcare jobs nationwide, causing the number of unemployed people in this country to jump by almost half.
New research by Stanford University doctors in the Journal of the American Medical Association shows that Medicare for All will cause hospitals to lose a whopping $151 billion in payments the first year. Hospitals will be forced to eliminate as many as 1.5 million jobs overnight. Scary news for the 385,000 hospital workers here in New York state.
Presidential aspirant Bernie Sanders brags Medicare for All will prevent Americans from having to choose between food on the table and medicine. Sorry Bernie, but if your job is eliminated, putting food on your table will be impossible. Period.
Right now Medicare shortchanges hospitals. Hospitals accept the low Medicare payments because they can shift their unmet costs onto patients with higher-paying private insurance. Medicare for All, however, outlaws private insurance, making that cost shifting impossible. Everybody will be paying the low rate, and hospitals will get squeezed.
To stay open, hospitals will have to spread nurses thinner, reduce wages, and lay off staff. That could be deadly for a patient calling for help overnight.
And bad news for this nation. Healthcare is America’s largest employer.
The Bureau of Labor Statistics says one-third of all future new jobs will be in healthcare. That’s unless Democrats win big in 2020 and push through Medicare for All.
A jobs boom is a good thing. Don’t let Democrats destroy it.
Read more here.