Employer-Based Insurance Can Trap You at Work

The video discusses the potential consequences of repealing the Affordable Care Act (ACA), focusing on how it could affect early retirement and job lock. It reviews various studies that examine the relationship between health insurance and employment decisions, highlighting the importance of employer-based insurance for older workers. The video also explores the concept of entrepreneurship lock and how the ACA might influence job mobility and self-employment. Despite expectations, evidence of the ACA reducing job lock is mixed, with some studies finding no significant impact on the labor market. The video concludes with a mention of sponsorship and viewer support.

What is the term used to describe the need to maintain a job to secure health insurance?

• Job security

• Job retention

• Job stability

• Job lock

How much more likely are workers with retiree health benefits to retire early compared to those without?

• 25%

• 47%

• 8%

• 88%

What effect does the ACA have on job mobility according to studies?

• Increases job lock

• Decreases job mobility

• Encourages early retirement

• Has no effect

Which group is more likely to continue working if they rely on employment for health insurance?

• Workers with cancer

• Unemployed individuals

• Young adults

• Retirees

What is one potential benefit of alleviating job lock?

• Greater job mobility

• Higher unemployment rates

• Reduced entrepreneurship

• Increased job dissatisfaction

What is one reason studies might not have found a significant impact of the ACA on job lock?

• The ACA is too old

• Lack of data

• The ACA is too effective

• The ACA is irrelevant

What was the anticipated effect of the ACA on the labor force size by 2020 according to the Congressional Budget Office?

• Remain the same

• Decrease by 2 million

• Double in size

• Increase by 2 million