I. Source – publication or website, title of article, author, date, etc. (10%)

Publication: CNN money
Website: www.money.cnn.com
Title of Article(s): “I’m quitting my job. Thanks, Obamacare!
&
Obamacare may prompt people to work less.
Author: Tami Lusby
Date: Published 2/25/14 at 10:35 am
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Published 2/5/14 at 9:41am

II. Summary (30%)

This article shows the microeconomics issue to be Obamacare and how it is allowing everyday people reconsider health costs and if the need to continue to work full-time in necessary. Several people are finding the Obamacare is allowing them to work less under Obamacare. This article provided comments from several people how Obamacare has allowed them to retire early due to a heath concern. Or just to leave their current job and acquire Obamacare. As a result of this they are allowed to spend more time with family or pursue entrepreneurship dreams. This article shows that several people were only holding their jobs for the benefit of having health care coverage.

III. Microeconomic issue(s) (30%)

What is a Microeconomics issue?
The Economist's Dictionary of Economics defines Microeconomics as "The study of economics at the level of individual consumers, groups of consumers, or firms... The general concern of microeconomics is the efficient allocation of scarce resources between alternative uses but more specifically it involves the determination of price through the optimizing behavior of economic agents, with consumers maximizing utility and firms maximizing profit."

Several questions can arise from this microeconomic issue.
Ex:
* Since people are quitting their jobs, what would the result be for businesses? * To retain current employees; should business look into obtaining lower costing insurance providers? * Should all individuals be required to shop for their own health insurance like they do with other insurance policies (life, car, etc?) to take the penalties and risk off the employer (business).

IV. Critical evaluation (30%)

The microeconomic battle may be a reduction to the labor force.

According to the Congressional Budget Office: “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses' demand for labor," the report says. Therefore, it will more likely show up as a decline in share of the population participating in the labor force and in hours worked, rather than in spikes in unemployment or underemployment”. In my personal opinion I believe Obamacare is a good benefit for everyday people. With Obamarcare people are no longer tied down to a job were they had to work just to receive a health care benefit. I believe that people were working when they were pay past the point of doing so. Also, employers healthcare cost were too much for the employee to live a steady stable life. I am happy that many people are able to have Obamacare and not rely on a job to obtain healthcare coverage. Personally I never understood why healthcare was only provided through employers and why couldn’t this coverage been offered years ago.