Reports Summarize Health Insurance Study Results from Harvard Medical School (Scope and Incentives for Risk Selection in Health Insurance Markets With Regulated Competition: A Conceptual Framework and International Comparison): Health Insurance

Insurance Daily News

2024 FEB 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Research findings on health insurance are discussed in a new report. According to news reporting originating from Boston, Massachusetts, by NewsRx correspondents, research stated, “In health insurance markets with regulated competition, regulators face the challenge of preventing risk selection.”

The news reporters obtained a quote from the research from Harvard Medical School: “This paper provides a framework for analyzing the scope (i.e., potential actions by insurers and consumers) and incentives for risk selection in such markets. Our approach consists of three steps. First, we describe four types of risk selection: (a) selection by consumers in and out of the market, (b) selection by consumers between high- and low-value plans, © selection by insurers via plan design, and (d) selection by insurers via other channels such as marketing, customer service, and supplementary insurance.”

According to the news editors, the research concluded: “In a second step, we develop a conceptual framework of how regulation and features of health insurance markets affect the scope and incentives for risk selection along these four dimensions. In a third step, we use this framework to compare nine health insurance markets with regulated competition in Australia, Europe, Israel, and the United States.”

For more information on this research see: Scope and Incentives for Risk Selection in Health Insurance Markets With Regulated Competition: A Conceptual Framework and International Comparison. Medical Care Research and Review, 2024. The publisher for Medical Care Research and Review is SAGE Publications.

A free version of this journal article is available at https://doi.org/10.1177/10775587231222584.

Our news journalists report that more information may be obtained by contacting Thomas G. McGuire, Harvard Medical School, Boston, MA, United States. Additional authors for this research include Richard C. van Kleef, Mieke Reuser, John Armstrong, Konstantin Beck, Shuli Brammli-Greenberg, Randall P. Ellis, Francesco Paolucci, Erik Schokkaert, Juergen Wasem.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the author of this research: Richard C. van Kleef (http://orcid.org/0000-0002-8971-6341).