Michal Grinstein-Weiss, the Shanti K. Khinduka Distinguished Professor at the Brown School, is co-author of the paper “Medicaid and Household Savings Behavior: New Evidence From Tax Refunds,” published in the Journal of Financial Economics.
The researchers show that financially burdened families’ savings get a shot in the arm with access to Medicaid.
Reseachers found that a family with little income, too many bills and no health insurance has little incentive or ability to save money. But put that family on Medicaid, the government’s health-care program for low-income people, and researchers found their calculation changes — they start to save. Read more about the findings online.
Comments and respectful dialogue are encouraged, but content will be moderated. Please, no personal attacks, obscenity or profanity, selling of commercial products, or endorsements of political candidates or positions. We reserve the right to remove any inappropriate comments. We also cannot address individual medical concerns or provide medical advice in this forum.