New Healthcare Economics Study Findings Recently Were Reported by Researchers at Huazhong University of Science and Technology (Welfare consequences of access to health insurance for rural households: Evidence from the New Cooperative Medical …)

2019 DEC 24 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Fresh data on Economics - Healthcare Economics are presented in a new report. According to news originating from Wuhan, People’s Republic of China, by NewsRx editors, the research stated, “This study evaluates the welfare benefits of the New Cooperative Medical Scheme (NCMS), the main public health insurance plan for the rural population in China. The findings show that the value of the NCMS to recipients is slightly lower than the government’s costs of implementation, ranging from 0.79 to 0.97 per RMB of the resource cost of the NCMS.”

Our news journalists obtained a quote from the research from the Huazhong University of Science and Technology, “The estimated moral hazard costs are low compared with the total benefits. It is also estimated that the benefits originating from the NCMS’s insurance function only constitute 20% of the total benefits, suggesting a need for higher generosity levels among rural households.”

According to the news editors, the research concluded: “Our results shed new light on the welfare effects of access health insurance among low-and middle-income households.”

For more information on this research see: Welfare consequences of access to health insurance for rural households: Evidence from the New Cooperative Medical Scheme in China. Health Economics, 2019;():. Health Economics can be contacted at: John Wiley & Sons LTD, the Atrium, Southern Gate, Chichester PO19 8SQ, W Sussex, England. (Wiley-Blackwell - http://www.wiley.com/; Health Economics - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

The news correspondents report that additional information may be obtained from J.Y. Sun, School of Economics, Huazhong University of Science and Technology, Wuhan, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/hec.3985. 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.

The publisher’s contact information for the journal Health Economics is: John Wiley & Sons LTD, the Atrium, Southern Gate, Chichester PO19 8SQ, W Sussex, England.

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