Health care growth slowed in February; Medicaid cuts will slow it further

Health care growth slowed in February; Medicaid cuts will slow it further

One aspect of the February jobs report is the slowing of health care increases. In February health care showed a 0.5 percent gain, or 200 jobs, a rate much lower than in previous months. One aspect of the governor’s planned reductions in state Medicaid spending will be to cut reimbursement rates to medical providers by 5 percent and forgoing an inflation adjustment. This will further slow the expansion of employment.

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