The Effects of the Massachusetts Health Reform on Household Financial Distress
AbstractIn this paper, we examine the effect of a major health care reform in Massachusetts on a broad set of financial outcomes using credit report data. We exploit variation in the impact of the reform across counties and age groups using pre-reform insurance coverage as a measure of the potential effect of the reform. We find that the reform reduced the amount of debt that was past due, improved credit scores, reduced personal bankruptcies and reduced third-party collections. Our results show that health care reform has implications that extend well beyond the health of those who gain insurance coverage.
CitationMazumder, Bhashkar, and Sarah Miller. 2016. "The Effects of the Massachusetts Health Reform on Household Financial Distress." American Economic Journal: Economic Policy, 8 (3): 284-313. DOI: 10.1257/pol.20150045
- D14 Household Saving; Personal Finance
- G22 Insurance; Insurance Companies; Actuarial Studies
- H75 State and Local Government: Health; Education; Welfare; Public Pensions
- I13 Health Insurance, Public and Private
- I18 Health: Government Policy; Regulation; Public Health