According to the American Hospital Association, 1 in 9 jobs are supported by hospitals. Overall, hospitals support 1 in 9 jobs in the U.S. based on a multiplier established at 2.8 jobs for every hospital job created. The AHA along with state hospital groups are releasing data as part of an effort to argue against cuts to Medicare and Medicaid reimbursements.
The AHA is stating hospitals are major contributors to the economy. The health care sector added $2.3 trillion to the U.S. economy in 2008, or 16.2% of gross domestic product. Hospitals accounted for $718 billion of that total; employed more than 5.3 million people, including physicians; and spent about $320 billion on goods and services from other industries, according to AHA data.
The Bureau of Labor Statistics puts hospital employment figures at 4.7 million nationally as of May 2010.
Read the full article in American Medical News, or click here:
http://www.ama-assn.org/amednews/2010/07/05/bisa0705.htm
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