Research on Health Management Described by a Researcher at Research Department (Households’ Willingness to Pay for Community-Based Health Insurance in the Southwest Region of Bangladesh): Health and Medicine – Health Management

2023 MAR 21 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on health management is the subject of a new report. According to news originating from Dhaka, Bangladesh, by NewsRx editors, the research stated, “In Bangladesh, especially the informal sector workers are deprived of proper healthcare owing to high cost and lack of security like health insurance.”

The news reporters obtained a quote from the research from Research Department: “The study aims to estimate the willingness to pay (WTP) of the informal sector workers for premium-based health insurance on the basis of data collected from 210 households, where double bounded dichotomous choice (DBDC) model was applied. The study estimates that this working-class people are willing to pay a monthly premium of on average around BDT (Bangladeshi Taka) 315 (USD 3.66) in response to enjoy the facilities of health insurance scheme for a household comprising up to four family members. Moreover, the per household estimated average monthly optimum tariff rate of almost BDT 300 (USD 3.54) and monthly mean social optimum tariff rate of about BDT 100 (USD 1.18) indicate the assurance of socially desirable welfare for all of the market participants. By charging this tariff, approximately 97 percent of the people would enjoy access to community-based health insurance, in addition to generating revenue that is around 1.13 times the project’s cost.”

According to the news editors, the research concluded: “Even by charging this monthly mean social optimum tariff, approximately 97 percent of the households would enjoy the access to community-based health insurance; the generating revenue through that tariff rate is around 1.13 times of the probable cost for high service package health scheme. In order to alleviate the burden of the out-of-pocket (OOP) costs for this vulnerable community, the study advises policymakers to initiate health insurance scheme by maintaining effective supervision over market dynamics and fixing the best fit premium rate.”

For more information on this research see: Households’ Willingness to Pay for Community-Based Health Insurance in the Southwest Region of Bangladesh. Journal of Health Management, 2023. The publisher for Journal of Health Management is SAGE Publications.

A free version of this journal article is available at https://doi.org/10.1177/09720634231153241.

Our news journalists report that more information may be obtained by contacting Md. Tanzeer Alam, Research Department, Bangladesh Bank, Dhaka, Bangladesh. Additional authors for this research include Tasnim Murad Mamun, Rozina Akter.

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