Earlier this month, an analysis of two studies (pdf) from Harvard and the University of Southern California projected that national health reform would create between 250,000 and 400,000 jobs per year over the next decade – up to 4 million jobs over the decade. The study also shows that health reform will increase middle-class wages and increase national income.
This week, the researchers broke down their findings on a state-by-state basis. For Massachusetts, the study demonstrates that health reform would create over 4100 new jobs in the Commonwealth.
The jobs will come in part from lower premium growth. Premium growth will decline due to better coordination of care, including, for example, reducing the number of readmissions to hospitals after a patient’s initial discharge, bundled payments, and greater support for coordinating health care transitions. The researchers found that premium cost savings will enable employers to hire more workers and increase wages.
In addition, national health reform provide $38 billion in tax credits over the next 10 years to small businesses that provide coverage for their employees. Some 70,000 Massachusetts firms are expected to be able to take advantage of the credits. These will strengthen our small business sector, critical to growth in Massachusetts.
Community Catalyst has prepared a concise Fact Sheet (pdf) summarizing how health reform will strengthen our nation’s economic health. These conclusions strengthen our conviction that national health reform is good for Massachusetts. Please call or send an email to your Representative in Washington. For assistance and information to make it easy, go to www.NationalHealthReformIsGoodForMA.org.