Michigan claims to have a leading sector in hospitals, nursing care facilities, and residential care facilities. Most people know what a hospital is, so further explanation is moot.
This industry alone accounts for $17.0 billion of the GDP for the state as of 2015. The workforce is (not) surprisingly large, employing roughly 910,000 employees to keep the industry running. What is surprising is that this industry grosses more money than the automobile industry. Two of the largest hospitals in the country are located in Michigan. These are Beaumont and Spectrum Health Butterworth. Each has the capacity to serve 1,000 patients at any given time. Over the past five years, the industry has continued to grow steadily.
One of the contributing factors to the growth of this industry is Michigan’s acceptance of the Patient Protection and Affordable Care Act (PPACA), which has led to an increase in insurance holders in the State. And we all know how dependent people are on insurance for receiving medical care. Last year in 2019, the state saw a stagnation in insurance holders due to changes made to PPACA. If you have insurance, hospitals may provide you with both inpatient and outpatient services, as well as emergency care.