Wednesday, March 17, 2010

Health Care Bill Will Lose 700,000 Jobs - and not just in Health Care Industry

Do you work in health care, or a related industry? Are you impressed with the 400,000 jobs Nancy Pelosi says will be created with ObamaKare? If your answer is yes, think again.

Americans for Tax Reform and Beacon Hill Institute debunk the 400,000 estimate by the Center for American Progress (CAP), saying that CAP's claim is "unsupportable," and using CAP's own methodology, the bill will destroy 120,000 to 700,000 jobs by 2019.

 Read the details at Hot Air which points out that, without ObamaKare, the Bureau of Labor Statistics already predicts growth in the health care industry of 3.2 million jobs.

Job losses are not just expected in direct-health-care employment. Take a look at this from Americans for Tax Reform - is your industry here?

The result is a loss of between 119,000 and 698,000 jobs between enactment of the bill this year and 2019. A breakdown is below: 

The high and low estimates of job losses for each sector below were not displaying well here, so please click the link above to view them.  

Agriculture, mining and construction
Agriculture, forestry, fishing and hunting




Wholesale trade

Retail trade

Transportation and communication
Transportation and warehousing



Financial Activities

Professional and business services

Educational services

Leisure and hospitality

Other services

Low estimate -119,194 jobs lost
High estimate -698,098 jobs lost

©2007-2012copyrightMaggie M. Thornton