The Republicans have named their healthcare bill, "Repealing the Job-Killing Health Care Law Act." This is very good news. I am henceforth naming prime rib with creamy mashed potatoes a "weight reducing meal." I am also going to name watching the Sacramento Kings on television "strenuous cardiovascular exercise."
It turns out, of course, you cannot change the nature of something just by changing its name. And many analysts, the New America Foundation included, have concluded that the healthcare reform bill will create jobs, not destroy them.
Economic analysis, though, is an inherently flexible exercise and a great deal depends on one's assumptions. The claim that we can be certain that healthcare reform eliminates jobs, though, has no justification. It's not an irrational position, but there is vastly stronger justification for the claim that it will create jobs than that it will eliminate them.
The more an analysis drills down into the actual dynamics of local industries and economies, the more accurate it is likely to be. Recently, we released an in-depth economic analysis of the impact on healthcare reform on the economy of the state of Colorado that we conducted in conjunction with the Center for Colorado's Economic Future (full report here). Our research team on this project was headed up by Dr. Len Nichols, a respected health economist, now the director of the Center for Health Policy Research and Ethics at George Mason University. This report, funded by the Colorado Trust and the Colorado Health Foundation, projected that reform would both increase economic activity in Colorado and reduce the rate of growth of healthcare costs.