[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/hpa/wpaper/200903.html
   My bibliography  Save this paper

The Value of Fixed-Reimbursement Healthcare Insurance- Evidence from Cancer Patients in Ontario, Canada

Author

Listed:
  • Christopher Longo

    (Health Services Management, DeGroote School of Business, Centre for Health Economics and Policy Analysis, McMaster University)

  • Michel Grignon

    (Department of Economics, Centre for Health Economics and Policy Analysis, McMaster University)

Abstract
Critical illness insurance (CII) is a fixed-reimbursement scheme conditioned on the event of a loss, not the size of the loss. We investigate demand for CII. Consumers will be willing to purchase CII depending on their degree of risk aversion to the cost of treating illness, their forgone income, and desire for being compensated for utility loss when sick. Using a theoretical model based on Eeckhoudt (2003), we run simulations using Canadian data for CII policy reimbursement dollar values of purchases, family income, cancer expenditure, and net wealth. We then evaluate how well these models predict actual CII purchases.

Suggested Citation

  • Christopher Longo & Michel Grignon, 2009. "The Value of Fixed-Reimbursement Healthcare Insurance- Evidence from Cancer Patients in Ontario, Canada," Centre for Health Economics and Policy Analysis Working Paper Series 2009-03, Centre for Health Economics and Policy Analysis (CHEPA), McMaster University, Hamilton, Canada.
    • Handle: RePEc:hpa:wpaper:200903
    as

    Download full text from publisher

    File URL: http://www.chepa.org/Files/Working%20Papers/CHEPA%20WP%2009%202003.pdf
    File Function: First version, 2009
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nadine Gatzert & Alexander Maegebier, 2015. "Critical Illness Insurances: Challenges and Opportunities for Insurers," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 18(2), pages 255-272, September.

    More about this item

    Keywords

    health insurance; healthcare insurance; fixed-reimbursement insurance; state-utility transfer; expected utility; cancer;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hpa:wpaper:200903. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lyn Sauberli (email available below). General contact details of provider: https://edirc.repec.org/data/chepaca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.