• Corpus ID: 231786412

The Great Equalizer: Medicare and the Geography of Consumer Financial Strain

  title={The Great Equalizer: Medicare and the Geography of Consumer Financial Strain},
  author={Paul Goldsmith-Pinkham and Maxim L. Pinkovskiy and Jacob Wallace},
We use a five percent sample of Americans’ credit bureau data, combined with a regression discontinuity approach, to estimate the effect of universal health insurance at age 65—when most Americans become eligible for Medicare—at the national, state, and local level. We find a 30 percent reduction in debt collections—and a two-thirds reduction in the geographic variation in collections—with limited effects on other financial outcomes. The areas that experienced larger reductions in collections… 

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