DC Field | Value | Language |
---|---|---|
dc.contributor.author | Gao, Pengjie | ko |
dc.contributor.author | Lee, Chang Joo | ko |
dc.contributor.author | Murphy, Dermot | ko |
dc.date.accessioned | 2022-08-16T01:01:40Z | - |
dc.date.available | 2022-08-16T01:01:40Z | - |
dc.date.created | 2022-08-15 | - |
dc.date.created | 2022-08-15 | - |
dc.date.created | 2022-08-15 | - |
dc.date.issued | 2022-08 | - |
dc.identifier.citation | JOURNAL OF FINANCIAL ECONOMICS, v.145, no.2, pp.464 - 488 | - |
dc.identifier.issn | 0304-405X | - |
dc.identifier.uri | http://hdl.handle.net/10203/297940 | - |
dc.description.abstract | We study the effect of the US Affordable Care Act (ACA) on healthcare borrowing costs. The ACA provides insurance subsidies to low-income enrollees. States could accept funding to expand Medicaid, although many declined, citing the cost burden. The ACA significantly reduced healthcare yields after a favorable 2012 Supreme Court ruling. Furthermore, hospital investment spending increased, and investment-cash flow sensitivities decreased. The yield effect was double in Medicaid expansion states, and insignificant in rural areas of non-expansion states. Our results highlight how the municipal market can be used to evaluate the heterogeneous effects of public policy and guide a targeted policy approach. (C) 2021 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.publisher | ELSEVIER SCIENCE SA | - |
dc.title | Good for your fiscal health? The effect of the affordable care act on healthcare borrowing costs | - |
dc.type | Article | - |
dc.identifier.wosid | 000833536100007 | - |
dc.identifier.scopusid | 2-s2.0-85116774056 | - |
dc.type.rims | ART | - |
dc.citation.volume | 145 | - |
dc.citation.issue | 2 | - |
dc.citation.beginningpage | 464 | - |
dc.citation.endingpage | 488 | - |
dc.citation.publicationname | JOURNAL OF FINANCIAL ECONOMICS | - |
dc.identifier.doi | 10.1016/j.jfineco.2021.09.003 | - |
dc.contributor.localauthor | Lee, Chang Joo | - |
dc.contributor.nonIdAuthor | Gao, Pengjie | - |
dc.contributor.nonIdAuthor | Murphy, Dermot | - |
dc.description.isOpenAccess | N | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordAuthor | Public finance | - |
dc.subject.keywordAuthor | Health economics | - |
dc.subject.keywordAuthor | Municipal bonds | - |
dc.subject.keywordAuthor | Affordable care act | - |
dc.subject.keywordAuthor | Medicaid | - |
dc.subject.keywordPlus | MEDICAID EXPANSION | - |
dc.subject.keywordPlus | INSURANCE-COVERAGE | - |
dc.subject.keywordPlus | ACCESS | - |
dc.subject.keywordPlus | LIQUIDITY | - |
dc.subject.keywordPlus | HOSPITALS | - |
dc.subject.keywordPlus | RATINGS | - |
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