% WARNING: This file may contain UTF-8 (unicode) characters. % While non-8-bit characters are officially unsupported in BibTeX, you % can use them with the biber backend of biblatex % usepackage[backend=biber]{biblatex} @techreport{NBERw18105, title = "Bankruptcy as Implicit Health Insurance", author = "Neale Mahoney", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "18105", year = "2012", month = "May", doi = {10.3386/w18105}, URL = "http://www.nber.org/papers/w18105", abstract = {This paper examines the implicit health insurance households receive from the ability to declare bankruptcy. Exploiting cross-state and within-state variation in asset exemption law, I show that uninsured households with greater seizable assets make higher out-of-pocket medical payments, conditional on the amount of care received. In turn, I find that households with greater wealth-at-risk are more likely to hold health insurance. The implicit insurance from bankruptcy distorts the insurance coverage decision. Using a microsimulation model, I calculate that the optimal Pigovian penalties are similar on average to the penalties under the Affordable Care Act (ACA).}, }