Friday, May 16, 2014

Paper: ObamaCare’s Medicaid Expansion Punishes Work and Increases Unemployment

If the Medicaid expansion mandated in most states under PPACA enrolls the anticipated 21 million additional adults:
  • 511,000 to 2.2 million fewer people will be employed; and 
  • It will knock almost a full point off of today’s labor force participation rate -- or share of the civilian population that is working -- a measure of economic health that is already at its lowest point since 1977.
Source: Bloomberg View.