The Effects of the Affordable Care Act Medicaid Expansion on Subjective Well-being

Seonghoon Kim () and Kanghyock Koh ()
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Kanghyock Koh: Korea University

No 12636, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This study analyzes the effects of the 2014 Affordable Care Act (ACA) Medicaid expansion on the subjective well-being of individuals in the United States. Using data from the Panel Study of Income Dynamics, we find that the expansion has significantly improved the overall life satisfaction of low-income non-elderly adults. Various sensitivity checks and falsification tests confirm the internal validity. Our findings imply that, without considering psychological benefits, the actual benefits of the ACA Medicaid expansion may be underemphasized.

Keywords: subjective well-being; health insurance; Affordable Care Act Medicaid Expansion; life satisfaction; happiness (search for similar items in EconPapers)
JEL-codes: I13 I18 I31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2019-09
New Economics Papers: this item is included in nep-hap, nep-hea, nep-ias and nep-sea
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Published - published in: Health Economics, 2022, 31(1), 233-249

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