Since the adoption of the ACA, 50% fewer Americans have filed for personal bankruptcy according to this article from Consumer Reports. This decline in bankruptcy filings is in part due to an improving economy and changes to bankruptcy laws in 2005, however experts agree that expanded health care coverage plays a major role in this decline. Although people are not required to declare their reason for filing, studies have shown that medical debt is the single largest factor in personal bankruptcy. Offering health insurance to millions of low-income Americans through the ACA’s Medicaid expansion has been shown to have helped them avoid debt and achieve a new level of financial security such that they are no longer in need of filing for personal bankruptcy.