We’ve written about universal health care a number of times. How it would encourage more entrepreneurs to start businesses knowing that they had health insurance, how small business owners wouldn’t have to compete for talent with bigger businesses because they couldn’t provide health insurance, and how employees would be more mobile because they didn’t have to worry about who would provide health insurance. Universal coverage would free up capital and allow free movement of labor.
Well then there’s the burgeoning ‘gig economy’. Where people drop out of the workaday world and contract themselves out for the individual gig and short term projects. Well apparently its growth has been augmented by the existence of the Affordable Care Act. Without employer health insurance, skilled people can take on the role of contractor on their own and secure health insurance through the ACA marketplace. Here’s some support of this trend from Steve Jagler’s weekly C-Level column from the Milwaukee Journal Sentinel:
The rollout and survival (so far) of the Affordable Care Act has allowed more workers to be less reliant on employer-provided health insurance and not be as concerned about being denied insurance because of pre-existing conditions, thereby encouraging more mobility and independence in the workforce.
Go figure. Despite all of the dire warnings about its effects on the economy and the workforce it actually looks like the ACA is helping to grow the economy. It’s allowing Americans to branch out and try new ways of earning a living. Who’da thunk?