Did the ACA's Dependent Coverage Mandate Reduce Financial Distress for Young Adults?

Nathan Blascak and Vyacheslav Mikhed

No 18-3, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: We analyze whether the passage of the Affordable Care Act's dependent coverage mandate in 2010 reduced financial distress for young adults. U sing nationally representative, anonymized consumer credit report information, we find that young adults covered by the mandate lowered their past due debt, had fewer delinquencies, and had a reduced probability of filing for bankruptcy. These effects are stronger in geographic areas that experienced higher uninsured rates for young adults prior to the mandate's implementation. Our estimates also show that some improvements are transitory because they diminish after an individual ages out of the mandate at age 26.

Keywords: Affordable Care Act; health insurance; consumer credit; financial distress (search for similar items in EconPapers)
JEL-codes: D14 I13 I18 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2018-01-29
New Economics Papers: this item is included in nep-hea and nep-ias
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpwp:18-3

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DOI: 10.21799/frbp.wp.2018.03

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