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Health Care Job Losses For First Time In Decade

health care jobs lost It's not so surprising that the health care sector, which had reliably added http://finance.cw30.com/inergize.kucw/news/read/25347725/ jobs even through the Great Recession, is finally taking a breather, experts said. The industry is in the midst of a restructuring aimed read what he said at slowing the growth in costs and improving quality. "There needs to be a pause, which may lead to a reduction of jobs," said Stuart Altman, a health policy professor at Brandeis University. Friday's dour news comes on the heels of another federal report released this week that showed health care spending growth remained low for the fourth year in a row. Spending on health care grew by only 3.7% in 2012, according to data released Monday by the Centers for Medicare and Medicaid Services. "Since health spending has slowed down, we should expect at least some layoffs -- though not many," said Uwe E. Reinhardt, an economics professor at Princeton University. Jobs end year on a downer Experts said the drop in health care is likely to be only temporary.
More: http://money.cnn.com/2014/01/10/news/economy/health-care-jobs/index.html

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