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PPACA didn't harm economy, report says

The Patient Protection and Affordable Care Act does not appear to have impeded the economic recovery, says analysis from the Federal Reserve Bank of New York.

By Jack Craver | Updated on October 12, 2015
The Federal Reserve Bank of New York. Photo: Associated Press

The Patient Protection and Affordable Care Act does not appear to have impeded the economic recovery. That’s according to a recent analysis by the Federal Reserve Bank of New York. 

Among other things, Maxim Pinkovskiy, the economist who authored the report, did not find that there was a significant shift away from hiring full-time workers as a way to avoid providing employees with health insurance. The provision of PPACA that requires large employers provide insurance to full-time workers or pay a fine only took effect in the beginning of 2015, meaning that future analysis of its impact might show a more convincing effect. 

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Jack Craver

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