Recent Findings from Fordham University Has Provided New Information about Consumer Science (Examining Antecedents of Health Insurance Literacy: The Role of Locus of Control, Cognitive Style, and Financial Knowledge)

2019 AUG 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on Science - Consumer Science have been published. According to news reporting out of Bronx, United States, by NewsRx editors, research stated, “Today’s consumer is expected to make health-care decisions that have serious implications for their welfare. However, a major barrier to these decisions is a basic lack of understanding of health insurance.”

Our news journalists obtained a quote from the research from Fordham University, “A critical first step is to examine drivers of health insurance literacy and in turn offer interventions that can have a positive impact on consumer welfare. This article explores the relationship between relevant consumer psychographics, financial knowledge, and demographics with health insurance literacy. Results indicate that while demographics play a role, the degree to which consumers believe a situation or event is under their own control (i.e., locus of control), how they process information (i.e., cognitive style), and consumer’s financial confidence (i.e., subjective knowledge) is a critical indicator of their health insurance literacy.”

According to the news editors, the research concluded: “Cluster analysis reveals three ‘faces’ of health insurance literacy.”

For more information on this research see: Examining Antecedents of Health Insurance Literacy: The Role of Locus of Control, Cognitive Style, and Financial Knowledge. Journal of Consumer Affairs, 2019;():. Journal of Consumer Affairs can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Journal of Consumer Affairs - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1745-6606)

Our news journalists report that additional information may be obtained by contacting G.E. O’Connor, Fordham University, Mkt, Gabelli Sch Business, Bronx, NY 10458, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/joca.12266. 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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