Neale Mahoney
@nealemahoney
Followers
8K
Following
4K
Media
447
Statuses
3K
Professor @StanfordEcon. Director @SIEPR. Former @WhiteHouse National Economic Council. Fan of Arsenal, history, and all types of music.
Stanford, CA
Joined December 2008
RT @_alice_evans: Healthcare has been a powerhouse for women, creating new pathways to status. @nealemahoney & colleagues brilliantly highl….
0
3
0
Spoke with @arsheffey at @BusinessInsider .about how the cancellation of "click to cancel" will waste people's time, increase switching costs, and make markets less competitive.
1
2
8
RT @DanielZHornung: Health insurance premiums going up by ~25% in 2026 is going to be a major economic and political problem. And there is….
wsj.com
Some enrollees could be hit with increases of more than 20% because of federal changes and higher health expenses.
0
66
0
As I told Chantelle Lee for @TIME, “medical debt does not have meaningful predictive power for people’s creditworthiness. Part of the reason is that medical debt, more than any other form of debt, is the result of bad luck, not bad financial behavior.”.
2
7
11
RT @SIEPR: Debt collectors win, medical debt holders lose, as SIEPR Director @nealemahoney explains.
0
1
0
See 👇.
Last Friday, a judge struck down a CFPB rule that would've removed medical debt from credit reports. The decision will reduce credit access while giving debt collectors more leverage. It comes exactly a week after Trump signed a law that will kick 16 million off health insurance
0
0
1
This is the correct take.
Medical debt doesn’t tell you if someone is financially irresponsible. It tells you they got sick. Trump’s decision to re-add it to credit reports will punish millions of Americans for having cancer, caring for a sick kid, or going to the ER.
2
0
4
RT @SIEPR: 🧵Are Buy Now Pay Later Loans a risk to the U.S. economy or a sign of healthy innovation? SIEPR’s @nealemahoney and Adam Shaw off….
0
1
0
5. The decision comes exactly one week after Trump signed the OBBBA. The CBO estimates that bill will strip 16 million people of their health insurance. By allowing reporting of medical debt, the decision removes a financial safety net when it's more important than ever
0
0
1
4. Debt collectors use medical debt reporting for leverage . If you don't pay up, they'll report your debt and tank your credit . Credit scores should be used to provide credit, not for this.
1
0
1
3. Removing medical debt does little to harm credit score accuracy . A 2014 CFPB report found medical debt was less predictive than non-medical debt of adverse outcomes . My understanding is that FICO subsequently down-weighted medical debt.
1
0
1
2. Removing medical debt from credit reports improves credit access. Our study (w/ @ray_kluender, @francisawong & @wesyin) shows modest but meaningful improvements in credit access when medical debt is experimentally removed
1
0
1
1. More than any other debt, medical debt is the result of bad luck, not bad financial management. Dobkin et al. (2018) show large increases in medical debt following hospital admissions
1
0
1
Last Friday, a judge struck down a CFPB rule that would've removed medical debt from credit reports. The decision will reduce credit access while giving debt collectors more leverage. It comes exactly a week after Trump signed a law that will kick 16 million off health insurance
3
10
10
3. Removing medical debt does little to harm credit score accuracy. A 2014 CFPB report found medical debt was less predictive than non-medical debt of adverse outcomes . My understanding is that FICO subsequently down-weighted medical debt.
0
0
0
2. Removing medical debt from credit reports improves credit access. Our study (w/ @ray_kluender, @francisawong & @wesyin) shows modest but meaningful improvements in credit access when medical debt is experimentally removed.
1
0
0
1. More than any other debt, medical debt is the result of bad luck, not bad financial management. Dobkin et al. (2018) show large increases in medical debt following hospital admissions
1
0
0