Two economists allied with the Obama administration are rejecting the argument that the Patient Protection and Affordable Care Act has hurt the U.S. labor market.
Instead, they argue the federal health law has done the opposite and spurred full-time job growth.
"The Affordable Care Act continues to improve the functioning of labor markets in a range of ways including helping to slow the growth of premiums, creating affordable new options for small businesses, reducing the 'job lock' that can keep workers from taking the best job for them, and generally improving health outcomes and reducing absenteeism," Jay Furman, chair of the president's Council of Economic Advisors, and Betsey Stevenson, another council member, wrote in a White House blog entry.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
