Nursing

News spotlight: Healthcare expansion could bring significant economic benefits, study says

Nurse Leader Insider, March 2, 2009

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Healthcare coverage for all would not only ease the pockets of ailing Americans—but also the ailing economy, according to the California Nurses Association/National Nurses Organizing Committee (CNA/NNOC).

A recent study conducted by the CNA/NNOC's research arm, the Institute for Health and Socio-Economic Policy, examined the economic benefits of implementing a single-payer model of healthcare. The study suggests the model, which would expand Medicare to cover all U.S. citizens, would create 2.6 million jobs, produce $317 billion in new business and public revenues, and contribute an additional $100 billion to the economy. Thirty percent of the new jobs would be generated in health and social service professions.

Researchers evaluated sources of public data to perform economic analyses for the study, including the Centers for Medicare and Medicaid Services, the Bureau of Labor Statistics, and the Bureau of Economic Analysis.

Source: CNA/NNOC



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