Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010

Juergen Jung and Chung Tran ()
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Chung Tran: School of Economics, Australian National University and ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales

No 201102, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales

Abstract: In this paper we develop a stochastic dynamic general equilibrium overlapping generations (OLG) model with endogenous health capital to study the macroeconomic effects of the Affordable Care Act of March 2010 also known as the Obama health care reform. We find that the insurance mandate enforced with fines and premium subsidies successfully reduces adverse selection in private health insurance markets and subsequently leads to almost universal coverage of the working age population.

Keywords: Affordable Care Act 2010; endogenous health capital; life-cycle health spending and ?nancing; dynamic stochastic general equilibrium (search for similar items in EconPapers)
JEL-codes: E21 E62 H51 I18 I38 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2011-02
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010 (2016)
Working Paper: Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010 (2016)
Working Paper: Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010 (2011)
Working Paper: Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010 (2010)
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