Babes-Bolyai University Details Findings in Managed Care (Voluntary Health Insurance and Out-of-pocket Payments In European Oecd Countries): Managed Care

2023 MAR 17 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on Managed Care have been presented. According to news reporting from Cluj-Napoca, Romania, by NewsRx journalists, research stated, “Voluntary health insurance (VHI) and out-of-pocket payments (OOP) supplement medical services provided by public health schemes. While most literature on this topic deals with national specificities, we examine at the cross-country market level, the determinants of VHI and OOP, and the impact of financial development on choosing between the two for 26 European Organization for Economic Co-operation and Development countries between 2000 and 2018.”

Financial support for this research came from Romanian Ministry of Education and Research, CNCS-UEFISCDI , within the PNCDI III.

The news correspondents obtained a quote from the research from Babes-Bolyai University, “We show that citizens from less developed countries with lower gross domestic products tend to compensate for dissatisfaction from insufficient public coverage through VHI and OOP. Additionally, the findings reveal that VHI is preferred over OOP when financial development is higher. Countries with formal financial activities have high levels of financial literacy and trust in healthcare services, and VHI prevails. Conversely, countries more prone to informal financial activities prefer OOP.”

According to the news reporters, the research concluded: “We outline the triggers for using VHI to supplement public health spending to address the financial burden of OOP.”

This research has been peer-reviewed.

For more information on this research see: Voluntary Health Insurance and Out-of-pocket Payments In European Oecd Countries. Economic Modelling, 2023;120. Economic Modelling can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Economic Modelling - http://www.journals.elsevier.com/economic-modelling/)

Our news journalists report that additional information may be obtained by contacting Alexandra-Anca Purcel, Babes-Bolyai University, Faculty of Economics and Business Administration, Dept. of Statistics, Forecasts, Math, 58-60 Teodor Mihali Str, Cluj Napoca 400591, Romania. Additional authors for this research include Cristian Mihai Dragos, Codruta Mare and Simona Laura Dragos.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.econmod.2023.106190. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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