I have posted about this at length on another forum.
medicare takes a loss in 2010 and is insolvent at current pace by 2019. So the current way healthcare is funded will have to be altered or it will simply become pay to play. (which I do not think society will allow) Private insurance is well on its way to price itself out of the market, and healthcare facilities are not going to be able to accept the pricing demands insurance companies levy.
There are 2 schools of thought on the idea of what to do with EMS. Many (especially physicians an nurses with no EMS involvement) say cut funding to EMS because hospital/clinic staff and jobs are more important. Plus the Us will have to shift from emergency based care to primary based care, so more money will have to be allocated that way.
The other group which I count myself in, are trying to push EMS to a larger role of public health with some primary care responsibilities. This will help to solve the healthcare problem by, reducing expensive emergency care, helping to reduce system overcrowding, and demonstrating that EMS has considerably more value than an expensive taxi ride. (which is rapidly becomming fiscally irresponsible boardering on impossible no matter what our altruistic values are.) I should also add that it will improve access to care for patients.
There is a lot of resistence. By the usual parties that resist change in EMS.
Personally unless some evolution of EMS is embraced, I expect to see a lot of layoffs and closures. If the concepts myself and my peers advocate are embraced, positions and job descriptions will change, there will be some reductions, and it will not be as bad, but right now the dinosaurs of the old way are getting their way, and it is only going to hurt the younger or newer generations of EMS providers. As Bossy (sorry, don't like calling people a cow) said, first hired, first fired.
If you still want to be in this profession, I would say don't hesitate, but you may want to take it upon yourself to get education above and beyond what is required most places now. In most societies, the more education you have, the more valuable you are. It is much better to apply for a job with a degree than a certificate. Plus should you choose a different or have to switch your healthcare profession, you will be ahead of the curve.