Finally, the evidence is in. Obamacare is significantly hurting a segment of the US economy.
Early evidence suggests that the Affordable Care Act is working — at least in one important respect, according to researchers at the Federal Reserve Bank of New York.
Analysts Nicole Dussault, Maxim Pinkovskiy, and Basit Zafar state that the primary purpose of this law “is not to protect our health per se, but to protect our finances.” And they’ve found a big difference between indebtedness trends in states that embraced the Medicaid expansion versus the ones that did not…
U.S. counties that had a particularly high uninsured rate prior to the implementation of the Affordable Care Act have seen the per capita collection balance fall if their state embraced the Medicaid expansion. If not, the collection balance continued to climb:
Will someone think of the debt collectors… Ohh the humanity.