This article, first published in Community Development Investment Review, proposes a vision of a social impact bond model that moves beyond just achieving cost-savings to spurring innovation, knowledge-building, rigorous evaluation, and, potentially, outcomes that achieve other socially desirable goals.
Using an alternative to classical statistics, this paper reanalyzes results from three published studies of interventions to increase employment and reduce welfare dependency. The analysis formally incorporates prior beliefs about the interventions, characterizing the results in terms of the distribution of possible effects, and generally confirms the earlier published findings.
Six-Month Results from the Accelerated Benefits Demonstration
This policy brief offers early findings from a demonstration testing whether earlier access to health care and related services for new Social Security Disability Insurance (SSDI) beneficiaries who lack health care coverage would lead to improved outcomes. So far, the intervention has increased the use of health care services and reduced the reported unmet health care needs of the project participants.
Design and Early Implementation of the Accelerated Benefits Demonstration
Many Social Security Disability Insurance (SSDI) beneficiaries have serious and immediate health care needs, but, under current law, most are not eligible for Medicare until 24 months after they start receiving cash benefits. This policy brief describes a new project that is testing whether providing earlier access to health benefits, as well as other services, for new SSDI beneficiaries who have no other health insurance improves employment and health outcomes.