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Health care reform may create up to 4 million jobs

(WASHINGTON, D.C.) A new report was released today by the Center for American Progress and the Leonard D. Schaeffer Center at the University of Southern California showing that health care reform will create up to 4 million more jobs than would be created if reform measures are not passed.

The study combines previous information of earlier studies done by Cutler and Sood, allowing for a more accurate forecast of the job-creating benefits of health care reform. The study affirms that health care reform will slow health care cost growth. If has further found that every 10 percent reduction in excess health care cost growth leads to about 120,000 more jobs.

The study concludes not only that health reform will create up to 4 million jobs in the next ten years but it will create jobs across industries, estimating that by 2016, more than 200,000 new jobs will emerge in manufacturing and nearly 900,000 jobs will emerge in other services.