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Trump’s Health-Care Reform Uncertainty Could See Jobs Shrink

  • As many as 200,000 industry jobs could be lost: analyst
  • Goldman Sachs says replacing health law will depress jobs
A Career Choice Fair Ahead Of Initial Jobless Claims
Photographer: Patrick T. Fallon/Bloomberg
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Six years after the biggest overhaul of U.S. health care in half a century, the industry is bracing for more change under President-elect Donald Trump, who wants to tear it apart.

As many as 200,000 jobs may be lost in the health-care sector over the next year and employers will slow investment as they wait to see Trump’s clear plan for reform, according to Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. Goldman Sachs Group Inc. economist Alec Phillips, in a report last week, forecast “somewhat depressed” job growth in the sector, based on other tumultuous periods.