So, um, yeah, this week has been crazy busy. One of us is grading. The other of us is crushed under the weight of administrative SNAFUs interfering with research.
Bonners billions neatly explains how amortization works differently than revolving debt, and that means prepaying your mortgage might be better than paying off a higher interest debt depending on the numbers.
New information on the Medicaid experiment from Oregon. We’ll be talking about this in a post more at some point in the future if we ever get some time to write it.
“The big news is that Medicaid virtually wiped out crippling medical expenses among the poor: The percentage of people who faced catastrophic out-of-pocket medical expenditures (that is, greater than 30 percent of annual income) declined from 5.5 percent to about 1 percent. In addition, the people on Medicaid were about half as likely to experience other forms of financial strain—like borrowing money or delaying payments on other bills because of medical expenses.”
“The other big finding was that people on Medicaid ended up with significantly better mental health: The rate of depression among Medicaid beneficiaries was 30 percent lower than the rate of depression among people who remained uninsured.”
Miser mom has been updating.
Justin Wolfers makes me laugh sometimes. Cupcake deflation.
We were in this week’s carnival of personal finance.