Babes-Bolyai University Reports Findings in Healthcare Economics (Does voluntary health insurance improve health and longevity? Evidence from European OECD countries): Economics – Healthcare Economics

2022 FEB 21 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Economics - Healthcare Economics is the subject of a report. According to news reporting out of Cluj Napoca, Romania, by NewsRx editors, research stated, “The financing structure of the healthcare system and, particularly, the voluntary health insurance (VHI) constituent, has been a vital pillar in improving the overall quality of life. Consequently, this study aims to shed light on the effect of VHI on the population’s health and longevity in a sample of 26 European OECD countries.”

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

Our news journalists obtained a quote from the research from Babes-Bolyai University, “The methodology employed covers both hierarchical clustering and the novel dynamic panel threshold technique. First, the descriptive cluster analysis unveils a delimitation of the countries into four main groups with respect to a broad set of health status indicators. Second, the estimates show that VHI is a significant determinant of health and longevity. More specifically, we find that the relationship between variables is characterized by a threshold effect, whose estimated value is roughly 6.3% of the total healthcare financing. Also, the heterogeneity analysis unveils consistent differences regarding the impact of VHI on health and longevity for the supplementary and complementary types of VHI. Overall, results are strongly robust, the signs and the significance of the coefficients being preserved in the presence of several additional control factors.”

According to the news editors, the research concluded: “From a policy perspective, the study’s findings can be used nationwide to stimulate regulatory policies to encourage the achievement of a satisfactory level of private health insurance.”

This research has been peer-reviewed.

For more information on this research see: Does voluntary health insurance improve health and longevity? Evidence from European OECD countries. The European Journal of Health Economics, 2022. The European Journal of Health Economics can be contacted at: Springer, One New York Plaza, Suite 4600, New York, Ny, United States.

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

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s10198-022-01439-9. 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.

Publisher contact information for the The European Journal of Health Economics is: Springer, One New York Plaza, Suite 4600, New York, Ny, United States.

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