Medicare for All’s jobs problem

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Medicare for All’s jobs problem
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Medicare for All has a jobs problem. Under the most ambitious schemes, millions would be displaced if not laid off, as the insurance industry disappears or is restructured.

from University of Massachusetts economists who have consulted with multiple 2020 campaigns has estimated that 1.8 million health care jobs nationwide would no longer be needed if Medicare for All became law, upending health insurance companies and thousands of middle class workers whose jobs largely deal with them, including insurance brokers, medical billing workers and other administrative employees.

Claire Cohen, a child psychiatrist in Pittsburgh, supports the idea of Medicare for All but calls the question of how many workers might lose their jobs a “legitimate” issue. | Scott Goldsmith for Politico Magazine Marc Schermer, a Pittsburgh-based insurance broker who sells health plans to individual customers as well as small businesses, says he’d likely experience a temporary setback but believes he’d manage since he sells other kinds of insurance, too. He even thinks single payer is an idea “he could get behind” because removing private insurance companies from the system would simplify things.

Health care jobs in Allegheny County, the region surrounding Pittsburgh, grew from roughly 90,000 in 1990 to around 140,000 this year, according to the Pennsylvania Department of Labor and Industry. Another 9,500 people work directly for health insurance companies and about 3,200 work for insurance agencies or brokerages, which includes people who sell health insurance policies.

“The savings don’t come out of the sky,” said Pollin. “The main way we save money is through administrative simplicity. That means layoffs. There’s just no way around it.”Of course, the larger problem behind the question of job losses is just how much of the U.S. economyEconomists say there isn’t a magic number for how large or small the health care sector should be. But they often express concern that the U.S.

“What you need is transition help for those people whose sectors are shrinking,” Baicker said. We may all be better off in the long run when we can produce all the food we need with many fewer people working in agriculture … that doesn’t mean that you can instantaneously turn a farmer into a software engineer or a nurse into a financial expert.”

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