Labor and Workforce

Economic Effects of Health Care Reform on Virginia

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Study Overview

This study estimated 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. The law had been described as the most significant health care legislation since the passage of Medicare and Medicaid and was projected to expand health insurance coverage from an estimated 83 percent of U.S. legal residents in 2010 to 94 percent by 2019. The study utilized the REMI PI+ model to estimate the economic effects of health care reform and the modeling results indicated that health care reform had significant positive employment effects for Virginia. Relatively large budget surpluses in