Vault's Careers Blog

Career advice and job search strategies for the modern careerist

Four Hiring Boosts from the Health Care Bill

with 4 comments


During the final round of speechifying before last night’s historic vote on health care, Speaker of the House Nancy Pelosi made the claim that the health care bill would also act as a jobs bill, creating four million jobs over the next decade. While it’s a claim Pelosi has made before, it’s one that has received surprisingly little attention in the media, given some of the plot points that have emerged over the past 14 months (death panels, anyone?).

According to Politifact, Pelosi’s statement is “half true”—while the site found that the bill likely will increase employment over the next decade, it suggests that “Pelosi is cherry-picking the most optimistic number” to arrive at her figure of 4 million. Regardless, the consensus seems to be that there will be job creation as a result of the bill. The main question, then, is where.

People with “an entrepreneurial spirit”

Another Pelosi quote from Politifact suggests that job growth won’t be restricted to the health care sector—if indeed it sees any net gains at all. Rather, she suggests that the economy as a whole will benefit from the changes in the bill:

“Imagine an economy where people could change jobs, start businesses, become self-employed, whether to pursue their artistic aspirations or be entrepreneurial and start new businesses, if they were not job-locked because they have a child who’s bipolar, or a family member who’s diabetic with a pre-existing condition, and all of the other constraints that having health care or not having health care places on an entrepreneurial spirit.”

The consulting industry

Wherever there’s regulatory change, there’s work for consultants. Look at the surge in business following Sarbanes-Oxley for an example. And HR consulting outfits should be at the top of the food chain on this one. Expect sudden interest in services from the likes of Towers Watson, Hay Group and Hewitt Associates. Also keep an eye out for management and strategy consultants being called in to help the insurance firms figure out how to adapt to the changes.

Insurance companies

Yup, you read that sub-head right. Sure, the bill might be aimed at curbing some of the worst excesses of the health insurance industry, but the New York Times points out that it’s also “giving the health care industry as many as 32 million additional paying customers in the next few years.” Is there an industry that could add millions of customers without having to take on employees to help deal with them?

On a similar note, the Times also points out that hospitals and drug manufacturers are set to see an increase in the number of people who have access to their products and services—so expect some job growth in both of those areas as well.

Working parents

The Wall Street Journal points out that working parents have a lot to gain too: “Health insurance has increasingly been the tail wagging the dog in many households–the first consideration in deciding who, if anyone, stays home with the kids. Regardless of what parents want, the person with health-care benefits is usually the one who works.”

Of course, getting rid of that concept of being tied to a job because of insurance isn’t exactly the same thing as creating jobs, but it may well result in more people taking exactly the sort of chances outlined by Pelosi above. It might not be about job creation, but it does allow more people to exercise career choice–and that has to be a good thing.

About these ads

Written by Phil Stott

March 22, 2010 at 2:36 pm

4 Responses

Subscribe to comments with RSS.

  1. Imagine a country where people could quit their job, pursue their artistic aspirations, receive free drugs, and get patched up on the public dime when they fall down the steps or drive into the ditch.

    That’s a bad thing.

    Dave Anderson

    March 25, 2010 at 9:16 am

  2. Dave, no one wants both sides to agree what people want or both sides to sit at the table and do someyhing to help the American people… We don’t send folks to congress to say no… We send them to make tough choices hard compromises and take effective action… There are at least five major gop sponsored programs in healthcare bill… Including the insurance mandate…the repubs last presidential candidate was a huge supporter of that one

    You lost the election, get over it, elections have consequences and as you say winners set the agenda…that’s politics

    But when short term politics prevents long term solutions from moving forward we have a problem.

    It’s amazing to me that NOW repubs want to save cuts in medicare, an entitlement that they have vilified sine 1964… And lastest budget proposal dissolves!!! All in the name of scaring seniors and political points… Stand for something! Where are their principles? Where is the embarrassment at the hypocrisy of such grandstanding?

    I’m not saying dems are any better or have all the solutions but let’s give them credit for doing what they said they would… In nov 08 the people said lets give it a try, now they have to live with what they did…

    But honestly saying no and whing is what a 2yr old does not what grown supposedly mature politicians should do

    Ivann Greene

    March 25, 2010 at 10:11 am

  3. Ivann,

    I am not a republican, so I didn’t lose the election in that sense. I was denied the right to vote which is a federal crime. Reporting the crime resulted in action or even a response from the Feds. That I consider a loss.

    Elected Feds should keep their oaths, as should citizens. If socialism or communism is to be the way forward, amend or replace the Constitution.

    Dave Anderson

    March 25, 2010 at 2:59 pm

    • Dave, why is it that subsidizing health care is socialism but when our government subsidizes oil companies, steel manufacturers, farmers etc its called capitalism??

      What do you think happens to people that can’t afford insurance??? They end up more sick and they go to the emergency room where they can’t be denied care and it is ridiculously expensive. Your tax dollars and mine pays for that through our health insurance premiums that keep going up.

      Lastly, are you so sure that you will never be out of a job and needing insurance? If so, give some of what your smoking.

      Vlad

      March 25, 2010 at 7:01 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: