Korea University Reports Findings in Healthcare Economics (Health insurance and subjective well-being: Evidence from two healthcare reforms in the United States): Economics – Healthcare Economics

2021 NOV 16 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Economics - Healthcare Economics is the subject of a report. According to news reporting from Seoul, South Korea, by NewsRx journalists, research stated, “We study the role of access to health insurance coverage as a determinant of individuals’ subjective well-being (SWB) by analyzing large-scale healthcare reforms in the United States. Using data from the Behavioral Risk Factor Surveillance System and Panel Study of Income Dynamics, we find that the 2006 Massachusetts reform and 2014 Affordable Care Act Medicaid expansion improved the overall life satisfaction of Massachusetts residents and low-income adults in Medicaid expansion states, respectively.”

Financial supporters for this research include Ministry of Education, National Research Foundation of Korea.

The news correspondents obtained a quote from the research from Korea University, “The results are robust to various sensitivity and falsification tests. Our findings imply that access to health insurance plays an important role in improving SWB.”

According to the news reporters, the research concluded: “Without considering psychological benefits, the actual benefits of health insurance may be underemphasized.”

This research has been peer-reviewed.

For more information on this research see: Health insurance and subjective well-being: Evidence from two healthcare reforms in the United States. Health Economics, 2021. Health Economics can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Health Economics - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

Our news journalists report that additional information may be obtained by contacting Kanghyock Koh, Dept. of Economics, Korea University, Seoul, South Korea.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/hec.4448. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

Publisher contact information for the journal Health Economics is: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA.

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