The Effects of Michigan's Medicaid Expansion on Financial Outcomes

Mazumder, Bhashkar; Mazumder, Bhashkar

Panel Paper: The Effects of Michigan's Medicaid Expansion on Financial Outcomes

Saturday, November 4, 2017

Acapulco (Hyatt Regency Chicago)

*Names in bold indicate Presenter

Luojia Hu¹, Robert Kaestner², Bhashkar Mazumder¹, Sarah Miller³ and Ashley Wong¹, (1)Federal Reserve Bank of Chicago, (2)University of California, Riverside, (3)University of Michigan

We examine the relationship between Medicaid enrollment and financial health by linking individual-level enrollment and health data of Healthy Michigan Enrollees to their TransUnion credit reports. We use a differences in differences framework and also use inverse probability weighting to correct for selection. We find significant effects of the Medicaid expansion on reducing balances in collections, delinquencies on all credit accounts and credit card delinquencies.