March 29, 2013

Jobs Projection Jumps to 100k+ for Health Care Extension

Tallahassee, Fla. - The Florida Hospital Association released a revised report by the University of Florida Food & Resource Economics Department that shows extending health care coverage by using $52 billion in federal funds would create over 121,000 permanent, high-wage jobs over the next ten years.

"Extending coverage will generate a cumulative employment impact of 121,945 permanent jobs in Florida," said Dr. Alan Hodges, Director of the University of Florida program in Economic Impact Analysis. "The local and regional impact of these jobs also means more revenue and consumer spending."

Employment impacts would be highest in the large metropolitan counties of Miami-Dade (23,655 jobs), Broward (12,665 jobs), Palm Beach (8,455 jobs), Orange (8,019 jobs) and Hillsborough (7,377 jobs).  Major industries that would be most impacted include: construction, educational services, health care,  manufacturing, transportation and real estate, among others.

"After careful review, the governor and the Senate concluded that providing health care coverage to a million or more uninsured Floridians is the right thing to do," said Bruce Rueben, President of the Florida Hospital Association. "What is good for working, low-income Floridians turns out to be great for our economy." 

A total of $5.41 billion in tax revenue for local and state governments would also be generated over a 10-year period, or an average of $541 million per year.

The revised projection is based on new estimates released by the Florida Legislature's Office of Economic and Demographic Research (March 7, 2013).

View the complete report and regional employment impacts.

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About the Florida Hospital Association
Florida Hospital Association is comprised of 205 hospitals and health systems from across the state. Through representation and advocacy, education, and informational services, we support the mission of our members to provide the highest quality of care to the patients we serve. For more information, visit www.fha.org.
 
Dr. Alan Hodges is an Extension Scientist in the Food & Resource Economics Department at the University of Florida, Institute of Food & Agricultural Sciences. He serves as director of the UF program in Economic Impact Analysis, which conducts sponsored projects for industry organizations and government agencies. His areas of research include regional economic impact analysis, market survey research, agribusiness management, and biomass energy resource development. He has participated in multiple projects over the past 25 years.