Nirma University Reports Findings in Healthcare Economics (Eliciting relative preferences for the attributes of health insurance schemes among rural consumers in India): Economics – Healthcare Economics

2022 APR 18 (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 originating in Gujarat, India, by NewsRx journalists, research stated, “There is a limited understanding of the preferences of rural consumers in India for health insurance schemes. In this article, we investigate the preferences of the rural population for the attributes of a health insurance scheme by implementing a discrete choice experiment (DCE).”

The news reporters obtained a quote from the research from Nirma University, “We identified six attributes through qualitative and quantitative study: enrollment, management, benefit package, coverage, transportation facility, and monthly premium. A D-efficient design of 18 choices has been constructed, each comprising two health insurance choices. We collected the representative sample from 675 household heads of the rural population through personal interviews. The preferences for the attributes and attribute levels were estimated using the multinomial logit (MNL) and random-parameter logit (RPL) models. The analysis shows that all attribute levels significantly affect the choice behavior (P < 0.05).”

According to the news reporters, the research concluded: “The relative order of preferences for attributes are; enrollment, benefit package, monthly premium, management, coverage, and transportation.”

This research has been peer-reviewed.

For more information on this research see: Eliciting relative preferences for the attributes of health insurance schemes among rural consumers in India. International Journal of Health Economics and Management, 2022. International Journal of Health Economics and Management can be contacted at: Springer, One New York Plaza, Suite 4600, New York, Ny, United States.

Our news correspondents report that additional information may be obtained by contacting Mohd Zuhair, Dept. of Computer Science and Engineering, Institute of Technology, Nirma University, Ahmedabad, Gujarat, India.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s10754-022-09327-8. 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 of the International Journal of Health Economics and Management can be contacted at: Springer, One New York Plaza, Suite 4600, New York, Ny, United States.

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