Author: Publisher:
ISBN:
Category :
Languages : da
Pages : 12
Book Description
Ekslibrisy Zbigniewa Jóźwika
Author: Consumption Smoothing in the Demand for Health Care
Author: Nicolai KristensenPublisher:
ISBN:
Category :
Languages : en
Pages : 38
Book Description
We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this depends on whether the service is universally free-of-charge visits to GP's or privately co-financed dental care. We find that own expenditures for dental care decrease. The decrease is mainly seen in preventive treatment, a durable good, but for the lowest income quartile there is also a substantial decrease in expenditures for curative dental care, although this is a consumption good with very low intertemporal substitution. The expenditures for GPs are unaltered. The findings indicate that consumption of health services critically depends on the existence of user charges versus universal coverage. The welfare loss associated with postponement of preventive care is considerably lower than the welfare loss related to a decrease in the use of curative dental care induced by economic hardship. The policy implication could be public support for means-tested curative dental services.
Insuring Consumption Against Illness
Author: Paul GertlerPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 68
Book Description
One of the most sizable and least predictable shocks to economic opportunities in developing countries is major illness, both in terms of medical care expenditures and lost income from reduced labor supply and productivity. As a result, families may not be able to smooth their consumption over periods of illness. In this paper, we investigate the extent to which families are able to insure consumption against major illness using a unique panel data set from Indonesia that combines excellent measures of health status with consumption information. We focus on the effect of large exogenous changes in physical functioning. We find that there are significant economic costs associated with these illnesses, albeit more from income loss than from medical expenditures. We also find a robust and striking rejection of full consumption insurance. Indeed, the deviation from full consumption smoothing is significant, particularly for illnesses that severely limit physical function; families are able to smooth less than 30 percent of the income loss from these illnesses. These estimates suggest large welfare gains from the introduction of formal disability insurance, and that the large public subsidies for medical care typical of most developing countries may improve welfare by providing consumption insurance.
Moral Hazard in Health Insurance
Author: Amy FinkelsteinPublisher: Columbia University Press
ISBN: 0231538685
Category : Medical
Languages : en
Pages : 161
Book Description
Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Estimating the Consumption Smoothing Effect of Health Insurance
Author: Hua ChenPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Chronic disease is a kind of health shock that most people cannot avoid, which will increase households' medical expenditure and probably decrease other consumptions. Health insurance is a formal mechanism against health shocks. Theoretically, the integration policy of rural and urban residents medical insurance in China increases coverage level and reimbursement ratio of basic medical insurance, and thus can help smooth consumption better. Our study is aimed to test it empirically. Based on the data of China Household Finance Survey(CHFS) in 2015 and 2017, we use the strategy of difference-in-difference(DID) to investigate whether the fluctuation of household consumption caused by chronic diseases is mitigated by the policy reform. It is found that chronic diseases will cause the dicrease of household food and nonfood consumption and the increase of self-paid medical expenditure. But the integration policy significantly smooths the fluctuation of food consumption and self-paid medical expenditure, and plays no role for nonfood consumption.
The Demand for Health
Author: Michael GrossmanPublisher:
ISBN:
Category : Medical
Languages : en
Pages : 152
Book Description
Economic research paper comprising an empirical and theoretical analysis of the demand for health in the USA - derives a consumer behaviour model based on variables such as the cost of health services for persons of different age, sex, income and educational level, and considers the impact of health insurance on sick time. References and statistical tables.
Uncertainty, the Demand for Health Care, and Precautionary Savings
Author: Diego NocettiPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We analyze the demand for medical care and precautionary saving in a framework with uncertainty surrounding the incidence of illness and the effectiveness of medical treatments and a representation of preferences that disentangles ordinal preferences, risk preferences, and intertemporal smoothing preferences. We consider a 'pure consumption' model with exogenous health capital and a model where young consumers invest in preventive care to increase their future health stock. In both cases we establish conditions for the different sources for uncertainty to induce precautionary saving and we evaluate how uncertainty affects the demand of curative and preventive care. We also show that, given the self-insurance function of preventive care, consumer's welfare may increase with the degree of uncertainty surrounding health care effectiveness.
Author: 
Author: Abed A. Kharabsheh
Author: W. N. Nam