New Data from University of Southern Florida Illuminate Findings in Health Economics (Health Insurance and Early Retirement Plans: Evidence from the Affordable Care Act)

Insurance Daily News

2019 NOV 27 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators discuss new findings in Economics - Health Economics. According to news reporting originating in Tampa, Florida, by NewsRx editors, the research stated, “Understanding how individuals make retirement plans is key to designing effective policy. In particular, access to affordable insurance during retirement can play an important role in the labor supply decisions of older adults.”

The news reporters obtained a quote from the research from the University of Southern Florida, “In this study, I examine the impact of the 2010 Affordable Care Act (ACA) on the retirement plans of older adults. The ACA includes several provisions that significantly increase access to affordable insurance not tied to employment. I find that the ACA decreased the subjective probability of working past age 62 by 5.6 percentage points, representing a 9.9 percent decline, among persons without employer-sponsored retiree coverage relative to persons with employer-sponsored benefits.”

According to the news reporters, the research concluded: “On average, individuals expect to retire about 3.6 to 7.2 months earlier because of the ACA.”

For more information on this research see: Health Insurance and Early Retirement Plans: Evidence from the Affordable Care Act. American Journal of Health Economics, 2019;5(4):533-560. American Journal of Health Economics can be contacted at: Mit Press, One Rogers St, Cambridge, MA 02142-1209, USA.

Our news correspondents report that additional information may be obtained by contacting P. Ayyagari, University of Southern Florida, Dept. of Economics, Tampa, FL 33620, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1162/ajhe_a_00132. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.