Giuliani Fiscal Plan Puts Health Care Jobs at Risk
By calling for huge cuts in Medicaid and social service programs, Mayor Rudolph W. Giuliani's plan to reduce city spending by $1.3 billion is likely to lead to the loss of tens of thousands of jobs in the health care industry, the segment of the New York City economy that has been the strongest source of job growth for more than a decade. In an interview, David R. Rubenstein, assistant director of the Mayor's Office of Management and Budget, estimated that Medicaid cuts alone would lead to job reductions of 10,000 to 30,000 at hospitals, nursing homes, mental health clinics and other medical centers, and remove $1 billion a year in wages.