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Health Insurance: Treatment vs. Compensation

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Forfattere:

Asheim, G., A.W. Emblem and T. Nilssen

År:

2001

Referanse:

HERO Skrifter
Nummer i serie: 1

Summary

In this paper, we view health insurance as a combined hedge against the two consequences of falling ill: treatment expenditures and loss in income. We discuss how an individual’s ability when healthy af-fects her decision on whether to buy health insurance with treatment to full recovery if ill or with partial treatment combined with cash compensation for the resulting loss in income. We find that a high-ability individual demands full recovery and is fully insured, while a low-ability individual demands partial treatment and cash compensation and is only partly insured.

JEL:

I11, G22, D81

Prosjekt info:

Oppdragsgiver: Norges forskningsråd
Oppdragsgivers prosjektnr.:
Frisch prosjekt: 4101 - Økonomi og helse

ISBN:

82-7756-045-1

Kontakt:

anne.w.emblem@hia.no