Department of Finance
Date of this Version
1993
Document Type
Article
Citation
Journal of Actuarial Practice 1 (1993), pp. 71-91
Abstract
This paper uses data from the 1977-78 National Medical Care Expenditures Survey to evaluate five different measures of insurance: a family's expected out-of-pocket payment for medical care, the expected value of the indemnity (fee-for-service) benefits from an insurance policy for a family, the percentage of the expected loss that the insured pays, the policy premium, and the policy limit of coverage. The study provides information that can help us understand whose insurance coverage will change significantly as a result of health care reform. For example, it shows that those with low income (such as minorities, families headed by females, and unmarried individuals) on average purchase low amounts of health insurance. These groups would benefit considerably if health care reform institutes universal coverage. Conversely, whites, families headed by males, married individuals, and those with high incomes on average have considerable health insurance coverage.
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Corporate Finance Commons, Finance and Financial Management Commons, Insurance Commons, Management Sciences and Quantitative Methods Commons
Comments
Copyright 1993 Absalom Press