The Affordable Care Act (ACA) increased health insurance enrollment, potentially improving financial security. We test whether this insurance increase relates to changes in use of “fringe banks” (e.g., payday lenders, check cashers, and pawn shops). Using the panel structure of the Current Population Survey (CPS), we link 5 years of a Federal Deposit Insurance Corporation (FDIC)-sponsored supplement to March CPS data. We find declines in fringe bank use, specifically fringe credit (e.g., pawn loans), associated with new insurance coverage with larger declines for households affected by the ACA's Medicaid expansion. These results suggest that health insurance reduces reliance on these controversial financial products.

中文翻译：

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健康保险过渡和边缘银行的使用：来自《平价医疗法案》的证据

《平价医疗法案》(ACA) 增加了健康保险的注册人数，可能会提高财务安全。我们测试这种保险增加是否与“边缘银行”（例如，发薪日贷款机构、支票兑现机构和典当行）的使用变化有关。使用当前人口调查 (CPS) 的面板结构，我们将联邦存款保险公司 (FDIC) 赞助的 5 年补充资料与 3 月 CPS 数据联系起来。我们发现边缘银行使用的下降，特别是边缘信贷（例如典当贷款），与受 ACA 医疗补助扩张影响的家庭的新保险覆盖率下降幅度更大有关。这些结果表明，健康保险减少了对这些有争议的金融产品的依赖。