Yes, health reform provides new consumer protections, expands and secures health coverage, and works to reduce the cost of health care. But for some, that isn’t enough. Some ask: does it create jobs?
On Sunday, a prominent employer group released a new report that answers that yes, federal health care reform will add tens of thousands of jobs to the California economy.
The report was conducted by the Bay Area Council Economic Institute (BACEI) is a public-private institution that typically advocates for business interests. The reports goes over each provision of the Affordable Care Act (ACA) and attempts to quantify the potential economic impact.
“On net, this analysis suggests that upon full implementation in California, the Affordable Care Act will have a positive impact on California’s economy with variation across regions based largely on their socioeconomic makeup. Full implementation of the Affordable Care Act as compared to the non-reform scenario in 2010 would have resulted in 98,861 new jobs in California (a 0.6% increase in total employment) and $4.4 billion in additional gross state output,” report authors write.
Read the full report at: