Study Findings from University of Georgia Broaden Understanding of Health Insurance (The impact of adverse health events on consumption:…

Study Findings from University of Georgia Broaden Understanding of Health Insurance (The impact of adverse health events on consumption: Understanding the mediating effect of income transfers, wealth, and health insurance)

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- Investigators publish new report on Health Insurance. According to news reporting from Athens, Georgia, by NewsRx journalists, research stated, "Using data from the Panel Study of Income Dynamics for years 1999-2013, we investigate the impact of physical and mental illnesses on household consumption and financial status. In comparison to severe physical health problems, mental illnesses lead to larger decreases in labor income."

The news correspondents obtained a quote from the research from the University of Georgia, "Increases in public and private transfers following the onset of a mental illness do not completely offset the decline in labor income. Consequently, we find a significant decrease in consumption expenditures after the household head experiences a mental problem. On the other hand, public and private transfers and accumulated wealth offset the relatively smaller decline in labor income and enable households with severe physical problems to smooth their consumption."

According to the news reporters, the research concluded: "Health insurance helps to prevent larger drops in consumption after the onset of a mental health problem."

For more information on this research see: The impact of adverse health events on consumption: Understanding the mediating effect of income transfers, wealth, and health insurance. Health Economics, 2017;():. (Wiley-Blackwell - www.wiley.com/; Health Economics - onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

Our news journalists report that additional information may be obtained by contacting P. Babiarz, Dept. of Financial Planning, Housing and Consumer Economics, University of Georgia, Athens, GA, United States (see also Health Insurance).

Keywords for this news article include: Athens, Georgia, United States, Health Insurance, North and Central America.

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