Researchers from Federal Reserve Bank of Philadelphia Provide Details of New Studies and Findings in the Area of Investment (Health Insurance and Young Adult Financial Distress): Investment

2022 DEC 22 (NewsRx) -- By a News Reporter-Staff News Editor at Health Policy and Law Daily -- Research findings on Investment are discussed in a new report. According to news reporting from Philadelphia, Pennsylvania, by NewsRx journalists, research stated, “We study how health insurance eligibility affects financial distress for young adults using the Affordable Care Act’s (ACA) dependent coverage mandatethe part of the ACA that requires private health insurance plans to cover individuals up to their 26th birthday.”

The news correspondents obtained a quote from the research from the Federal Reserve Bank of Philadelphia, “We examine the effects of both gaining and losing eligibility by exploiting the mandate’s implementation in 2010 and its automatic disenrollment mechanism at age 26. Our estimates show that increasing access to health insurance lowers young adults’ out-of-pocket medical expenditures and debt in third-party collections.”

According to the news reporters, the research concluded: “However, reductions in financial distress are transitory, as they diminish after an individual loses access to parental insurance when they age out of the mandate at age 26.”

This research has been peer-reviewed.

For more information on this research see: Health Insurance and Young Adult Financial Distress. Journal of Policy Analysis and Management, 2022. Journal of Policy Analysis and Management can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Journal of Policy Analysis and Management - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6688)

Our news journalists report that additional information may be obtained by contacting Nathan Blascak, Federal Reserve Bank of Philadelphia, Consumer Finance Inst, 10 Independence Mall, Philadelphia, PA 19106, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/pam.22458. 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.

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