Economics
Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 18, Problem 1BCQ
To determine

The pattern of size and number of newly created companies after 2014 and the implementation of the ACA.

Introduction: Affordable care act (ACA) also known as Obamacare, a law passed in March 2010. It has three primary goals, to provide affordable health insurance to more people, Expand Medicaid program to cover all adults and to support new innovative medical care delivery.

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Explanation of Solution

The Affordable Care Act does not expect organizations to give medical advantages to their workers; however large managers may confront penalties if they don’t make reasonable coverage available. The business shared obligation arrangement of the Affordable Care Act penalizes employers who either don’t offer scope or don’t offer scope that meets minimum value and affordability standards. These penalties apply to firms with at least 50 full-time comparable workers.

Job lock appears when workers cannot leave their current position because of losing the existing benefits provided by his/her employer.

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