Nov 19, 2019

Health care hiring is recession-proof

Photo: Hinterhaus Productions/Getty Images

Health care hiring is driving the labor market, and it's so robust that it likely would be safe even during a recession or political upheaval, CNN Business reports.

Between the lines: No matter what happens, the population is aging and will need care.

  • Payment models may change, but the demand for care will still be there — meaning that the demand for people to deliver that care will remain, as well.

The big picture: Health care has added more net jobs to the economy over the past decade than any other sector, and today employs 11% of the workforce.

  • The number of jobs is projected to keep growing. Teachers for health subjects, home health aides and nurses are among the 10 fastest-growing jobs until 2028, according to the Bureau of Labor Statistics.

My thought bubble: Many of the health jobs that are going to be in high demand are relatively inexpensive, but they're not free, and we're still going to have to come up with a way to pay for them.

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Health care profits are soaring

Illustration: Sarah Grillo/Axios

Soaring health care costs are bad news for patients and taxpayers, but great news for the very profitable health care industry.

The big picture: The sector has profited heavily in 2019. Expect more of the same in 2020.

Go deeperArrowDec 7, 2019

Republican satisfaction with health care costs surges under Trump

A new Gallup survey shows that Republicans have gotten a whole lot happier about the cost of health care since President Trump took office, while Democrats' satisfaction has plummeted.

Our thought bubble: There is very little reason for anyone to be satisfied with the cost of health care in the U.S. — and that has been true for a very long time.

Go deeperArrowDec 12, 2019

Health Care Vitals: Washington, D.C.

Dr. Scott Gottlieb answers a question from Mike Allen. Photo: Lawrence Jackson for Axios

This Wednesday morning, Axios Co-founder Mike Allen hosted a series of one-on-one conversations on the future of comprehensive health care across urban and rural America. Topics covered included how to get affordable and accessible care, as well as news of the day items like the rise in youth addiction to nicotine.

Go deeperArrowDec 13, 2019