Data on Healthcare Economics Reported by Johannes G. Jaspersen and Colleagues (When full insurance may not be optimal: The case of restricted substitution): Economics – Healthcare Economics

2022 MAR 30 (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 from Munich, Germany, by NewsRx editors, the research stated, “Even when heavily subsidized, a substantial portion of people choose to forgo purchasing health insurance coverage. In this note, I introduce an explanation for this phenomenon which does not assume choice errors, incorrect beliefs, differently priced uncompensated care, or information asymmetries.”

The news correspondents obtained a quote from the research, “When individuals are incapable of freely trading off health and wealth and the initial allocation of goods is suboptimal from their perspective, the standard result of demand for actuarially fair insurance in a single good world does not generalize to the health insurance context. Thus, people might not purchase full health insurance coverage even if it is priced at actuarially fair levels.”

According to the news reporters, the research concluded: “I argue that this situation is particularly likely to occur in the low-income population, and hence it is relevant for the achievement of universal health coverage.”

This research has been peer-reviewed.

For more information on this research see: When full insurance may not be optimal: The case of restricted substitution. Health Economics, 2022. Health Economics can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Health Economics - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

Our news journalists report that additional information may be obtained by contacting Johannes G. Jaspersen, LMU Munich School of Management, LMU Munich, Ludwig-Maximilians-Universitat, Munich, Germany.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/hec.4491. 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 journal Health Economics is: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA.

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