Affordable care act is the comprehensive health care reform law enacted in March 2010 by
president barrack Obama.. The major goal of Affordable care act is to expand access to health
insurance coverage and to address long-standing shortcoming of health care delivery system
which had increased cost while determining health care quality. It expands the medical program
to cover all adults with income below 138% of the federal poverty level. ACA discusses trends
in economic growth , employment and health care.
Major benefits of ACA in labor market
Putting more money in families pockets ;boosting demand and bringing down unemployment
today.
If the people are healthy then they can ensure more productivity. That means that they will miss
fewer days of work and they are less to become disabled and more productive in the job. ACA
ensures long term labor market outcomes.
It helps to reduce job lock, which improves economic efficiency.