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Economic Effects of Health Care Reform on Virginia

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Abstract

This study estimates the impact of the 2010 health care reform law (the Patient Protection and Affordable Care Act/Health Care and Education Reconciliation Act) on Virginia’s economy. Health care reform is a complex and multifaceted law that was enacted with the joint goals of improving health insurance coverage for U.S. residents, decreasing the costs of health care, and improving overall health care delivery and quality. Although it was enacted for these purposes, the law also involves large changes in tax policy and government and private expenditures that can be expected to have significant direct and indirect economic effects. The study uses an industry-standard regional economic impact tool, REMI PI+ (Regional Economic Models, Inc. Policy Insight Plus), and data from the Congressional Budget Office, Joint Committee on Taxation, Virginia Department of Medical Assistance and other sources to estimate these effects. Results indicate that health care reform has positive employment effects for Virginia.

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File URL: http://econ.ccps.virginia.edu/RePEc_docs/ceps_docs/Health_Care_Reform.pdf
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Bibliographic Info

Paper provided by Center for Economic and Policy Studies in its series Reports with number 2011-01.

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Length: 22
Date of creation: 21 Feb 2011
Date of revision:
Handle: RePEc:vac:report:rpt11-01

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Keywords: health; reform; regional;

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  1. George I. Treyz & Dan S. Rickman & Gang Shao, 1991. "The REMI Economic-Demographic Forecasting and Simulation Model," International Regional Science Review, , vol. 14(3), pages 221-253, December.
  2. Neeraj Sood & Arkadipta Ghosh & José J. Escarce, 2009. "Employer-Sponsored Insurance, Health Care Cost Growth, and the Economic Performance of U.S. Industries," Mathematica Policy Research Reports 6492, Mathematica Policy Research.
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