Market inefficiency, insurance mandate and welfare: U.S. health care reform 2010
We quantify the effects of the Affordable Care Act (ACA) using a stochastic general equilibrium overlapping generations model with endogenous health capital accumulation calibrated to match U.S. data on health spending and insurance take-up over the lifecycle. We find that the introduction of an insurance mandate and the expansion of Medicaid which are at the core of the ACA increase the insurance take-up rate of workers to almost universal coverage but decrease capital accumulation, labor...[Show more]
|Collections||ANU Research Publications|
|Source:||Review of Economic Dynamics|
|01_Jung_Market_inefficiency%2C_insurance_2016.pdf||1.02 MB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.