Ill. hospitals, health systems generate $88.8B impact on state economy

The more than 200 hospitals and nearly 50 health systems in Illinois generate a total impact of $88.8 billion annually on the state's economy, according to a new report from the Illinois Health and Hospital Association.

The Illinois hospitals and health systems have achieved this significant economic impact even while sustaining more than $1 billion in state Medicaid cuts and $1.9 billion in federal Medicare cuts over the past five years.

Here are seven key findings from the report.

1. One in every 10 jobs in Illinois is in healthcare, with the state's hospitals and health systems employing more than 260,000 people and generating nearly 500,000 direct and indirect jobs.

2. Employment in healthcare jobs in Illinois grew by 26 percent (127,600 jobs) between 2000 and 2015, compared with overall state employment, which declined by 1.5 percent (89,000 jobs).

3. For every hospital job in Illinois, nearly 1.5 jobs are created in other sectors.

4. For every dollar hospitals and health systems spend, an additional $1.41 is generated in the state and local economies.

5. In many of the state's counties, hospitals are among the top three employers.

6. The healthcare sector and the social assistance sector are projected to rank No. 2 in job growth. They are expected to add more than 100,000 jobs by 2022.

7. The more than 100 Illinois hospitals that file annual community benefit reports with the state provide an overall community benefit of more than $5.5 billion annually, including nearly $800 million in charity care — an increase in charity care of 218 percent since 2005.

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