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Health Care Loses Jobs For First Time In Decade

click here! company website X-Ray file photo The industry is in the midst of a restructuring aimed 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 percent 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. Experts said the drop in health care is likely to be only temporary.
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