New Study Shows Healthy Michigan Boosts Financial Health

Posted on September 21, 2018

Healthy Michigan Plan logoRecently, the ACA Medicaid Expansion in Michigan and Financial Health study was published through the National Bureau of Economic Research. The study found that enrollment in the Healthy Michigan Plan (HMP) improves the finances of many low-income residents, in addition to their healthcare status.

The study was led by economist Sarah Miller, PhD, of the University of Michigan’s Ross School of Business, who is a member of the University of Michigan Institute for Healthcare Policy and Innovation. The researchers obtained data on more than 322,000 enrollees and matched the enrollment data with enrollees’ credit reports.

Notable findings from the study include:

  • HMP reduced medical bills in collections by an average of 57 percent or about $515 per enrollee
  • The amount of past-due debt not yet sent to a collection agency was reduced by 28 percent, or about $233 per enrollee.
  • Public records for evictions, bankruptcies, wage garnishments and other financial events were reduced by 16 percent.
  • Bankruptcies decreased by 10 percent.
  • Enrollees were 16 percent less likely to overdraw their credit cards.
  • Enrollees with a “deep subprime” credit rating decreased by 18 percent.
  • Enrollees experienced a 21 percent rise in automotive loans, an indication of improved financial well-being.

Questions about the study’s results may be directed to Ruthanne Sudderth at the MHA.


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  • New Study Shows Healthy Michigan Boosts Financial Health

Tags: Healthy Michigan Plan, advocacy

Posted in: Issues in Healthcare, Top Issues - Healthcare

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