Obamacare could be good for entrepreneurs
"Job lock" aptly describes the economic force that keeps employees tied to a job for the health care coverage.
The Affordable Care Act may provide "job unlock." A new study by the Robert Wood Johnson Foundation, the Urban Institute and the Center on Health Insurance Reforms at Georgetown University finds that health insurance reform will likely unleash 1.5 million Americans to pursue their entrepreneurial dreams.
"In the vast majority of states right now, the nongroup insurance market is very dysfunctional for a lot of people," says Blumberg, the lead author of the study. "What the Affordable Care Act does -- by creating a stable, affordable and adequate nongroup market -- is it frees lots of people to make different types of work decisions than they are able to make today."
Mishory says that's great news for young people.
"Young people switch jobs so much as they're building careers that the ability to do that without worrying about health insurance is huge," she says. "They'll be able to carve a career path that works for them and has potential positive economic impact as well."