If Tennessee's
experience with its Medicaid expansion program is any guide, Obamacare will
reduce employment, according to a new study by economists from Northwestern,
Chicago, and Columbia universities.
That's the bad
news. The good news is many of the people predicted to drop out of the labor
force were working only to keep their employer-sponsored health insurance,
meaning that they might benefit from public health insurance.
The paper, released by the National Bureau of Economic
Research on Monday, is an examination of what the authors call a unique event
in U.S. health care policy: In 2005, under Democratic Gov. Phil Bredesen,
Tennessee abruptly ended its expansion of TennCare, the state's Medicaid
program because of budgetary pressures (Medicaid is the low-income public
insurance program jointly administered by the federal government and the
states). About 170,000 adults lost insurance coverage through the program over
a three-month period, according to the paper…..To Read More….
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