Table 5.

Estimated Impacts of Treatment on Major Health Events

	Overnight hospitalization	Health event expenses	Borrowed from any MFI	Borrowed from family/friends	Borrowed from moneylender
	(1)	(2)	(3)	(4)	(5)
Treatment	0.014 (0.011)	−80 (151)	0.002 (0.005)	0.021 (0.029)	0.009 (0.031)
Control group mean	0.067	1662	0.022	0.437	0.288
Number of clients	25,072	25,072	25,072	25,072	25,072

Notes

Each column reports the estimated impact of treatment (imposing the insurance requirement) on the indicated outcome variable from the ‘major health events’ survey. The outcome variables are: whether the affected person stayed overnight in a hospital for that health event (column (1)); total health expenses for that event, including lost income (column (2)); and whether these expenses were partly paid by borrowing from a microfinance organization (column (3)), family or friends (column (4)), or a moneylender (column (5)). All regressions control for the randomization stratification groups (SKS branch and above/below median number of clients within branch), and robust standard errors clustered by village are reported in parentheses.

^{***, **, *}denote statistical significance at the 1%, 5%, 10% level, respectively.