Will Obamacare Improve Consumer Credit?

February 5th, 2014
in econ_news

Econintersect: What is the unintended consequences of the Affordable Care Act. Econintersect, amoung many, have been critical of this improperly vetted legislation. The unintended consequences are headlines almost daily. But all the unintended consequences may not be negative. A study based on the effect of a major health care reform in Massachusetts found that effects of this legislation stretched well beyond health care - the reform reduced the total amount of debt that was past due, the fraction of all debt that was past due, improved credit scores and reduced personal bankruptcies.


Follow up:

There was also suggestive evidence that the reform lowered the total amount of debt and decreased third party collections. The effects were most pronounced for individuals who had limited access to credit markets before the reform. These results show that health care reform has implications that extend well beyond the health and health care utilization of those who gain insurance coverage.

[click on image below to read study]

source: http://chicagofed.org/digital_assets/publications/working_papers/2014/wp2014_01.pdf

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved