Hospital jobs

Health care has been adding jobs for over 5 years

Data: BLS; Chart: Andrew Witherspoon/Axios

The health care industry added almost 24,000 jobs in August, helping to buoy overall employment growth amid economic fears associated with the U.S.-China trade war.

The big picture: Almost 1 out of every 9 Americans works in health care, and the industry has not seen a net loss of new jobs in any month since January 2014. But everyone's insurance premiums and tax dollars are funding this swelling workforce.

A reality check on hospital mergers

Illustration: Sarah Grillo/Axios

A new report funded by the American Hospital Association claims hospital mergers result in better care and savings for patients. But every other independent study shows the exact opposite — that hospital mergers lead to less competition and higher prices.

Why it matters: Hospitals represent the largest chunk of U.S. health care spending. And hospitals are acquiring more market power and commanding higher prices — bills that every American pays for in some part.