Reports Outline Healthcare Economics Study Findings from University of Western Australia (The long-run effects of noncommunicable disease shocks)

2020 AUG 31 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators discuss new findings in Economics - Healthcare Economics. According to news reporting originating from Perth, Australia, by NewsRx correspondents, research stated, “The health shocks literature typically does not take into account the temporal patterns of loss since the time of the shock. This limits understanding of the long-run impact of health shocks and the capacity of individuals to cope over time.”

Our news editors obtained a quote from the research from the University of Western Australia, “This study estimates the dynamic effects of a noncommunicable disease shock on the economic well-being of working-age individuals in China up to 6 years after onset. We find that after a period of temporal loss, individuals and their families can insure consumption against the average noncommunicable disease shock over the long-run. We observe significant heterogeneity according to the persistence of the disease, value of household wealth, and health insurance status.”

According to the news editors, the research concluded: “Individuals with consistent onset, with below median wealth, and without health insurance are least equipped to smooth consumption over the long-term.”

For more information on this research see: The long-run effects of noncommunicable disease shocks. Health Economics, 2020;():. (Wiley-Blackwell - http://www.wiley.com/; Health Economics - http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

The news editors report that additional information may be obtained by contacting Michael Palmer, Dept. of Economics, University of Western Australia, Perth, Australia. Additional authors for this research include Tianxin Pan, Ajay Mahal, Peter Annear and Barbara McPake.

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