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This shift in policy may result in an increase in the uninsured population and could result in job losses to direct healthcare providers and their surrounding communities.
The goal of this article is to understand how these reductions may impact the healthcare labor market and broader U.S. population.
Current state of healthcare labor market
The healthcare labor market continues to exceed expectations as it’s growing at nearly 3% annually—while the rest of the economy has slowed to a post-pandemic low of just 0.7%.
Following the release of the latest jobs report on August 1st we learned that the vast