The Effect of Health Insurance on the Demand for Medical Care
Bibliographic Data
| ID | 10180593 |
|---|---|
| Authors | Richard N Rosett, Lien-fu Huang |
| Year | 1973 |
| Volume | 81 |
| Issue | 2, Part 1 |
| Pages | 281-305 |
| Publication date | 1973-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260028 |
| OpenAlex | W1981629651 |
| Language | EN |
| Citations received | 11 |
| References cited | 5 |
Data drawn from the 1960 Survey of Consumer Expenditures are used to estimate price and income elasticities of the demand for hospitalization and physicians' services. The price elasticity ranges from -0.35 to -1.5 for prices ranging from 20 to 80 percent of the 1960 market price. The income elasticity ranges from 0.25 to 0.45 for incomes ranging from 4,000 to 10,000. The estimated demand function is used to calculate the cost of providing protection against the highly probable, small losses typically covered by health insurance policies. A family with an income of 7,000 paid 2.5 times the actuarial value of the loss to protect itself against a highly probable 110 loss
Actuarial science · Demand curve · Demographic economics · Economic growth · Economics · Health care · Health insurance · Income elasticity of demand · Labour economics · Microeconomics · Price elasticity of demand · Healthcare Policy and Management
The Demand for Primary Health Care
The demand for deductibles in private health insurance
The role of digital financial inclusion in China on urban—rural disparities in healthcare expenditures
Coinsurance, The Price of Time, and the Demand for Medical Services
Physicians' Services and the Division of Labor Across Local Markets
Nonmonetary Factors in the Demand for Medical Services
The effect of National Health Insurance on private health expenditure in Taiwan
Assurance maladie obligatoire et demande de soins
The role of education in the uptake of preventative health care
The Effect of Institutions on the Choices of Consumers and Providers of Health Care
The reaction of private physicians to price deregulation in France
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,21 |
| Citation span | 1974 - 2024 (51) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 10 |