Study Findings from Silesian University of Technology Advance Knowledge in COVID-19 (Interaction between health insurance, household income, and public health financing in Ukraine): Coronavirus – COVID-19

2022 DEC 23 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on COVID-19 is now available. According to news reporting originating from Silesian University of Technology by NewsRx correspondents, research stated, “The most significant problems in financing the public health system in Ukraine are the permanent deficit of public spending on medicine and the shallow development of the voluntary health insurance market. The aim of study is the search of optimal interactions between stakeholders in the system of relations ‘state - insurance companies - households’ in the context of voluntary health insurance.”

Our news journalists obtained a quote from the research from Silesian University of Technology: “The study hypothesizes that households can become more active participants in health insurance only if their average monthly income reaches a certain threshold level. It is calculated based on the results of simulation games using the Brown-Robinson iterative method. According to the simulation results, this threshold level is only 7% higher than the actual value of the average monthly income of Ukrainian households during the analysis. At the same time, under this condition, the state in Ukraine will be able to transfer part of the financial burden of compensating healthcare costs to insurance companies. According to the calculations made with the help of the game theory toolkit, with the maximization of insurance payments to the population under health insurance contracts, the burden on public health financing in Ukraine could be reduced by 67.7%. The paper was conducted on the data of the ten most potent insurance companies of Ukraine as of 2021 (it is they who accumulate the lion’s share of household insurance premiums), that is, before the start of a full-scale war between the Russian Federation and Ukraine.”

According to the news reporters, the research concluded: “The obtained results can be used both by insurance companies during the management of insurance premiums and payments and at the level of state management of costs in the field of public health. AcknowledgmentThis study was undertaken as a part of the research projects granted by the Ministry of Education and Science of Ukraine: ‘Socio-economic recovery after COVID-19: modeling the implications for macroeconomic stability, national security and local community resilience’ (registration number 0122U000778); ‘The impact of COVID-19 on the transformation of the system of medical and social security of population: economic, financial-budgetary, institutional-political determinants’ (0122U000781).”

For more information on this research see: Interaction between health insurance, household income, and public health financing in Ukraine. Problems and Perspectives in Management, 2022,20(4):436-450. (Problems and Perspectives in Management - https://businessperspectives.org/journals/problems-and-perspectives-in-managem). The publisher for Problems and Perspectives in Management is LLC “CPC “Business Perspectives”.

A free version of this journal article is available at https://doi.org/10.21511/ppm.20(4).2022.33.

Our news editors report that additional information may be obtained by contacting Aleksandra Kuzior, D.Sc., Professor, Faculty of Organization and Management, Silesian University of Technology, Poland. Additional authors for this research include Dariusz Krawczyk, Iryna Didenko, Natalia Sidelnyk, Tetiana Vasylieva.

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