5 ms·
What is also interesting is that the only sector thad added jobs was health care.
by forlorn_mammoth 2mo ago
What is also interesting is that the only sector thad added jobs was health care.
- pixelesque 2mo agoIt was the same in June I think...
- dgellow 2mo agoThat has been the case for most of the year IIRC
- jmuguy 2mo agoThis has been the case in several recent reports. It really ought to put to bed the idea that Trump was somehow going to be "good for business" and bring back manufacturing. At best all he's done is create a ton of uncertainty, at worst he's actively harmed massive swaths of American businesses with tariffs, war, and gutting the federal workforce and programs that indirectly supported a ton of businesses.
- eigenspace 2mo agoHealthcare has consistently been one of the biggest drivers of US GDP and job growth numbers for years now. This is one of the major things that has helped explain why US consumer sentiment has been so out of step with headline numbers like employment, consumer spending, and GDP. It also helps explain why there's so many economists are saying they see limited evidence of a "K-shaped economy", and say they see positive numbers throughout the distribution. It's very difficult to choose not to buy healthcare.
- glaslong 2mo agoSo perhaps we'll never get to a better healthcare+insurance market (nee "Free") through government, but eventually we will just all work in healthcare, and barter our nursing and dental skills in secret away from the insurance coders.
- eru 2mo agoYou can move to Singapore, if you want a better healthcare sector. (The UK spends very roughly half of what the US spends on healthcare in terms of percentage of GDP. That's total (public plus private) expenditure. Singapore spends very roughtly half of what the UK spends by the same measure. Health outcomes amongst the three countries are comparable. If anything, Singapore is healthier.)
- toomuchtodo 2mo agoEurope is also excellent in my experience, specifically Portugal and Spain. My health insurance cost for a family of four in Spain is ~$2k/year as someone on a visa. In the US on an employer plan, it was ~$20k/year (premiums, copays, etc).
- asa123 2mo agoI think the commenter you responded to filtered first for countries with outcomes better or exceeding the US? Though I’m not sure Portugal and Spain automatically fall into that category
- toomuchtodo 2mo agoI can only n=1, but most, if not all, experiences we've had obtaining medical care were better in Europe. Care specialist for my autistic kids, primary care, etc. From my unofficial surveys, many folks I know in the US are having a hard time finding various care providers, even if they have insurance. More data on this is always welcome.
- amanaplanacanal 2mo agoIt seems fairly common in the US to have a hard time finding a doctor that will take your insurance, especially so if you are on Medicaid. Even with good insurance, a lot are just not seeing new patients. More and more tasks are being pushed off onto nurse practitioners and physician's assistants. And the number of residencies is still limited by the AMA, so you aren't getting enough new doctors.
- peter_stokes 2mo agoi think population pyramids will basically guarantee growth of that sector in almost all first world countries for thenext few decades
- dlcarrier 2mo agoYeah, but then the elderly population will start shrinking, which will cause a myriad of disruptions.
- nprz 2mo agoWealthy, aging boomers with increasing need for health care, makes sense.
- eigenspace 2mo agoIt's not just boomers (though they are the biggest part of it). Americans of all ages are spending more on healthcare, and seeking more healthcare interventions than in previous decades.
- TSiege 2mo agoThis isn’t surprising. The population overall is aging. Millenials are now the largest cohort and are approaching middle age. Until recently we’ve seen the number of insured individuals rise consistently and our medicine continues to advance. More older adults have access and need more healthcare
- eigenspace 2mo agoNo, I mean on an age-corrected basis, throughout the spectrum of ages. i.e. young americans are spending more on health care than young americans used to, even if it's also true that there are fewer young americans now, and more old americans.
- IncreasePosts 2mo agoPart of the Obamacare mandate was forcing young men into health insurance policies when in the past they had a much higher opt out percentage.
- eigenspace 2mo agoSure, but that's not what's driving these increases in costs.
- 2mo ago
- jordanb 2mo agoI don't think many of the BBB healthcare cuts have hit yet.
- amanaplanacanal 2mo agoMost of the cuts were scheduled for after the midterms, you can guess why.
- gruez 2mo agohttps://en.wikipedia.org/wiki/Baumol_effect https://en.wikipedia.org/wiki/Baumol_effect Any sector that's resistant to productivity growth is liable to become bigger and bigger part of the economy.
- notfromhere 2mo agoyeah but the size of the us healthcare sector (like 18%) is a policy choice, other developed countries have theirs at 10-12%. U.S. healthcare is a giant predatory clusterfuck and seems impossible to meaningfully reform.
- eru 2mo agoSingapore has more like 5.5% or so. (That's total expenditure: public plus private added up.)
- francisofascii 2mo agoLike the US Justice system, the best advice to give is to avoid the US Healthcare system as much as possible.
- deleted 2mo ago[deleted]
- rangestransform 2mo agoYou can’t reform it because of the immense job loss that would result from an efficiently run public healthcare system. Think about all the useless paper pushers that are allowed to vote
- maerF0x0 2mo agoI've seen on youtube how people said a major reason housing is a big employer and housing has not fallen in price is due to their industry's attitude and resistance to introducing technological advancements. in fairness also regulation makes it hard when it specificies the solutions not the parameters (just to illustrate the idea not an actual rule: you must have X thickness of PVC versus your pipe must withstand X pressure)
- weezing 2mo agoClankers won't replace medical workers as fast. People get older and have less children too.
- eethrowaway 2mo ago[dead]
- carlosjobim 2mo agoNot strange. All the money and wealth is in the hands of the olds and olds need much more health care than the young. So it's a gold rush to get their juicy dollars.
- chasd00 2mo agoI know i'm just one guy but I'm 50 and the old people i know are very poor and supported entirely by their children. It would be interesting to see the median and mean wealth for people >70 and compare the two.
- carlosjobim 2mo agoAll wealth is held by olds, but that doesn't mean that all olds are rich. All basketball players are tall, but that doesn't mean that all tall people are basketball players.
- codegeek 2mo agoI don't call that Heathcare. It call that Heath"Scam" run by Big Pharma and Insurance Mafia.
- biophysboy 2mo agoBased on their July 2026 report, there were tiny increases in several sectors. The big declines were in service providing, leisure and hospitality, and government (bc of a summer decline in local gov education).
- chasd00 2mo agothere's a massive wave of elderly coming (boomer generation) so it makes sense health care is going to becoming an even bigger economic force than it already is.
- orangeberrytea 2mo ago[dead]