The Affordable Care Act after a Decade: Its Impact on the Labor Market and the Macro Economy

Abstract

The Affordable Care Act (ACA) is one of the most important reforms of the US health insurance system since the introduction of Medicare. Because employment is a main source of health insurance for the working-age population in the USA, this sweeping health insurance reform has also had important implications for the labor market and the macro economy. In this article, we review the prototype models that are used in the macro and labor literature, extended to integrate health and health insurance, to study the short- and long-run consequences of the ACA. We also suggest open areas for future research.