King Obama Issuing Another Executive Order, Will Spend $1 Billion To Expand Healthcare Workforce…

The Obama administration is set to announce a $1 billion program on Monday to hire and train healthcare workers who work with patients in federal healthcare programs, part of the White House's 'We Can't Wait' initiative to boost the economy following the stall of the American Jobs Act in Congress.

The funding will be dispersed in grants to physicians, community groups and other organizations that treat patients in enrolled in Medicare and Medicaid, according to a report by The Washington Post. The program will reportedly be overseen by the Center for Medicare and Medicaid Innovation, which was created as part of the Affordable Care Act.

Although the healthcare industry has been increasing substantially in recent years -- the U.S. Bureau of Labor Statistics reports about 313,000 jobs were added in 2010 alone -- employment in the industry is expected to grow as baby boomers age, according to the BLS. Moreover, experts predict more healthcare professionals will be needed once Affordable Care Act expands insurance coverage to millions of Americans when it takes effect in 2014. Read More