ObamaCare 'Cutout' for Medical industry Loses? : Empoyment Crashes

Why would anyone that is on a federal subsidized program ever criticize the program that is allowing them to skate through life? It's not about the future, it's about today and what we can get from others to make life easier, today. But never mind, as long as the money keeps flowing, all is well.

But when the money does run out, don't worry, it's so easy to blame Bush and the Republicans, after all it's only been eight years of total Democrat control of the economy, and as Mr Obama has stated on so many occasions, 'it was worse then we thought. Bush lied'.

See how easy that is, and don't you feel better knowing Mr Obama is trying his best to help you while you and your family are sitting on the curb wonder where your next meal will come from? Just keep voting Democrat.

Medical Industry Employment Plummets
Source: Kevin D. Williamson, "A Sick Job Market in Health Care," National Review, October 14, 2013.
October 22, 2013

Somebody somewhere has just entered a night school course to qualify for an X-ray technician's job that isn't going to be there, and somebody else is getting a pink slip rather than a bonus this Christmas, says Kevin Williamson, a correspondent for the National Review.
 Recently, hospitals, medical practices and related businesses are shedding jobs:

• Since April, 8,000 medical jobs have been shed, more than in any other sector.
• For the year, there have been more than 41,000 layoffs at health care firms.
• USA Today reports, those are mostly hospital staffing reductions in response to reduced reimbursement rates for Medicare patients under the sequester and cuts for some providers under the Affordable Care Act.
• From 1990 to 2008, the number of jobs in health care grew 63 percent, providing one in four of the jobs created in those years, and, equally important, health care is one of the few sectors that have shown relatively strong growth in inflation-adjusted wages in recent decades.
• Losing that means losing a big piece of the employment picture, not just in total jobs but in real income.

Which puts us in a difficult position: Cutting Medicare and Medicaid spending will have ill effects on the job market, but not cutting Medicare and Medicaid spending will bankrupt the country. This is a textbook case of why you do not want government trying to steer an industry or fixing prices.