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Politics : A US National Health Care System?

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To: gamesmistress who wrote (40800)	3/6/2016 7:01:19 AM
From: FJB	of 42652

Obamacare Redistributes Wealth, Hurts Productivity Jared Meyer \| 01/03/2014 \| University of Chicago economists Casey Mulligan and Trevor Gallen recently released a National Bureau of Economic Research working paper titled, “ Wedges, Wages, and Productivity Under the Affordable Care Act.” Using a sophisticated and well-defined model based on changes in taxes, subsidies, and administrative costs, the economists analyze the labor market effects of the Affordable Care Act (ACA). Their findings include a significant redistribution of wealth from high-wage workers to low-wage workers and non-workers. This contributes to a loss of total productivity of about one percent and a reduced per-capita output of about two percent. “At the expense of economic efficiency, employers trade workers with each other to reduce penalties and enhance subsidies,” the authors say. This leads to more part-time and temporary workers, creating economic waste from shuffling and under-utilizing workers. It also exacerbates the troubling increase in part-time employment for economic reasons. Currently, 7.7 million people work under 35 hours a week, but would prefer to work more. Before the recession, that number was 4.5 million... economics21.org

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