Social health insurance: a quantitative exploration
dc.contributor.author | Jung, Juergen | |
dc.contributor.author | Tran, Chung | |
dc.contributor.department | Towson University. Department of Economics | en_US |
dc.date.accessioned | 2018-05-14T20:52:28Z | |
dc.date.available | 2018-05-14T20:52:28Z | |
dc.date.issued | 2016-06 | |
dc.description.abstract | We quantify the welfare implications of three alternative approaches to providing health insurance: (i) a US-style mix of private and public health insurance, (ii) compulsory univer- sal public health insurance (UPHI) and (iii) private health insurance for workers combined with government subsidies and price regulation. We use a Bewley-Grossman lifecycle model calibrated to match the lifecycle structure of earnings and health risks in the US. For all three systems we find that welfare gains triggered by a combination of improvements in risk sharing and wealth redistribution dominate welfare losses caused by tax distortions and ex-post moral hazard effects. Overall, the UPHI system outperforms the other two systems in terms of welfare gains if the coinsurance rate is properly designed. A direct comparison between the US system to a well-designed UPHI system reveals that large welfare gains are possible in the long-run. However, such a radical reform faces political impediments due to opposing welfare effects across different income groups. | en_US |
dc.description.uri | https://ideas.repec.org/p/tow/wpaper/2016-02.html | en_US |
dc.format | application/pdf | |
dc.format.extent | 51 pages | en_US |
dc.genre | working papers | en_US |
dc.identifier | doi:10.13016/M2BR8MK0F | |
dc.identifier.citation | Juergen Jung & Chung Tran, 2016. "Social Health Insurance: A Quantitative Exploration," Working Papers 2016-02, Towson University, Department of Economics, revised Jun 2016. | en_US |
dc.identifier.other | JEL: I13 | |
dc.identifier.other | JEL: D52 | |
dc.identifier.other | JEL: E62 | |
dc.identifier.other | JEL: H31 | |
dc.identifier.uri | http://hdl.handle.net/11603/10747 | |
dc.language.iso | en_US | en_US |
dc.publisher | Towson University. Department of Economics | en_US |
dc.relation.isAvailableAt | Towson University | |
dc.relation.ispartofseries | Towson University Department of Economics Working Paper Series;2016-02 | |
dc.subject | Health capital | en_US |
dc.subject | Lifescycle health risk | en_US |
dc.subject | Incomplete insurance markets | en_US |
dc.subject | Social security | en_US |
dc.subject | Social insurance | en_US |
dc.subject | Optimal policy | en_US |
dc.subject | Dynamic general equilibrium with idiosyncratic shocks | en_US |
dc.subject | Equilibrium (Economics) | en_US |
dc.title | Social health insurance: a quantitative exploration | en_US |
dc.type | Text | en_US |
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