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Market inefficiency, insurance mandate and welfare: U.S. health care reform 2010

Jung, Juergen; Tran, Chung

Description

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]

CollectionsANU Research Publications
Date published: 2016
Type: Journal article
URI: http://hdl.handle.net/1885/102901
Source: Review of Economic Dynamics
DOI: 10.1016/j.red.2016.02.002

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