Research Roundup: Beyond GDP, Romneycare vs. Obamacare, and More

In this week’s Research Roundup: Reports from Demos on the need for new measures beyond GDP, Families USA on the Massachusetts health care plan vs. the Affordable Care Act, the Robert Wood Johnson Foundation and the National Academy of Social Insurance on Medicaid and health exchanges under the ACA, the Corporation for Enterprise Development ranking the 50 states by the financial security of residents, and the Center for Business and Economic Research at the University of Alabama on the billions of dollars the state is set to lose thanks to their anti-immigrant law.

Beyond GDP: New Measures for a New Economy – This report from Demos, accompanied by a set of infographics, takes a close look at the failure of Gross Domestic Product (GDP) as a statistic to accurately reflect the social and economic health of the United States. The report shows the many ways in which “GDP growth has not delivered real progress for average Americans, supporting the case for why GDP is an incomplete measure and needs to be supplemented by alternative measures that are much better suited to the economic challenges we face today.”

RomneyCare vs. ObamaCare – This fact sheet from Families USA on the differences and similarities between the Massachusetts health reform plan and the Affordable Care Act was authored by Dr. John McDonough of the Harvard School of Public Health, who was deeply involved in the design, passage, and implementation of Massachusetts health reform under former Governor Mitt Romney.

Building a Relationship between Medicaid, the Exchange and the Individual Insurance Market – This fact sheet from the Robert Wood Johnson Foundation and theNational Academy of Social Insurance examines the relationship between the expansion of Medicaid under the Affordable Care Act and the state-based health exchanges set to come online in 2014. The authors, Sara Rosenbaum and Trish Riley, examine “the practical and conceptual factors that underlie the federal/state relationship in implementing health reform’s exchanges and Medicaid expansion.” The report also discusses ways in which states and the federal government can collaborate to “help establish a seamless continuum of coverage for those who may move between eligibility for Medicaid or for tax subsidies in an exchange.”

Assets and Opportunity Scorecard – This scorecard from the Corporation for Enterprise Development rates all 50 states on 101 outcome and policy measures to provide a “comprehensive look at Americans’ financial security today and their opportunities to create a more prosperous future.” The rankings aim to measure how well residents of different states are faring and to identify what states can do to help families increase their own economic security, based on five issue areas: Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care, and Education. The rankings conclude that “27 percent of households – nearly double the percentage that are income poor – are living in ‘asset poverty,” defined not having savings or assets to cover basic for three months if they were to suddenly lose their income.

A Cost-Benefit Analysis of the New Alabama Immigration Law – This study authored by, Professor Samuel Addy, Ph.D., at the Center for Business and Economic Research at the University of Alabama examines the disastrous effect of Alabama’s anti-immigrant law HB56 on the state economy. It concludes that the law could cost the state as much as $11 billion in economic output, as well as another $264.5 million in tax revenue.