Spending on health care has been growing faster than the economy itself, even while the share of the population without health insurance was increasing. The Affordable Care Act (a.k.a. Obamacare) was intended to reverse these trends, but has had economic side effects. Businesses have been complaining about the ACA's new tax and regulatory burdens, whereas supporters have called it a long-overdue "shot in the arm" that promotes entrepreneurship and a "more rapid economic recovery."
Casey Mulligan has carefully documented positive and negative tax effects of the ACA in his latest book, Side Effects and Complications: The Economic Consequences of Health Care Reform (2015). In this talk, Mulligan will show what the ACA means for economic performance in the years ahead, incorporating new insights based on changes proposed by the White House and Congressional Republicans, and explain why forecasters have yet to acknowledge many of the economic forces that have been set in motion.
Casey B. Mulligan is a professor of economics at The University of Chicago. He has also authored The Redistribution Recession: How Labor Market Distortions Contracted the Economy and Parental Priorities and Economic Inequality.