More than 1.2 million healthcare jobs are at risk under Medicare for All, according to a study released Monday.
FTI Consulting and the Partnership for America’s Health Care Future released a study that found the single-payer Medicare for All program “could have a significant negative impact on the adequacy of the country’s health care workforce, access to care, and, ultimately, patient outcomes.”
The study found that Medicare for All could have a devastating effect on Amerca’s healthcare workforce, which could reduce the number of physicians by 44,693 by 2050 relative to current projections.
The study found that primary care physicians could be particularly affected, as Medicare for All could reduce the number of those healthcare workers by 10,0286 within the next 30 years.
Medicare for All’s reduced Medicare reimbursement rates would also result in 90 percent of hospitals running consistent deficits, which would put hospitals at risk.
FTI Consulting and the Partnership predict that the nursing workforce will reach shortage levels by 2030; however, Medicare for All may reduce the number of nurses and other workers by 1.2 million by 2050.
Medicare for All would also reportedly decrease the number of U.S. physicians by 5.4 percent, which would particularly impact rural communities. read more