NDLI: The Provision of Public Universal Health Insurance : Impacts on Private Insurance , Asset Holdings and Welfare

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The Provision of Public Universal Health Insurance : Impacts on Private Insurance , Asset Holdings and Welfare

Content Provider	Semantic Scholar
Author	Hsu, Minchung Lee, Junsang
Copyright Year	2010
Abstract	This paper aims to investigate impacts of public provision of universal health insurance (UHI) in an environment with household heterogeneity and financial market incompleteness. Various UHI polices with both distortionary (payroll-tax) and non-distortionary (lump-sum tax) financing methods are compared to address the trade-off between risk reduction and tax distortion as well as corresponding welfare implications. We undertake a dynamic equilibrium model with endogenous insurance choice and labor supply decisions to perform quantitative analyses. The results suggest that the UHI expenditure coverage rate would be too high in most OECD countries when the distortion effect is considered. We find a clear crowding out effect on asset holdings. Implications for private health insurance (PHI) purchases when UHI is introduced depend on the pricing and the design of coverage. We find the rich are sensitive to the price of PHI, and would prefer a supplemental plan when UHI is introduced. ∗National Graduate Institute for Policy Studies, Tokyo, Japan. Email: minchunghsu@grips.ac.jp. †Department of Macroeconomics, Korea Development Institute, Seoul, Korea. Email: junsang@kdi.re.kr. ‡All errors are ours. Acknowledgement will be added.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://www.e.u-tokyo.ac.jp/cirje/research/workshops/macro/macropaper10/macro1007.pdf
Alternate Webpage(s)	https://mpra.ub.uni-muenchen.de/32974/1/MPRA_paper_32974.pdf
Alternate Webpage(s)	http://www.cirje.e.u-tokyo.ac.jp/research/workshops/macro/macropaper10/macro1007.pdf
Language	English
Access Restriction	Open
Subject Keyword	Assets, Financial Crowding Distortion Email Funding Health Insurance Exchanges Hearing Loss, High-Frequency Kind of quantity - Equilibrium Lumped element model Organisation for Economic Co-Operation and Development Private Health Insurance Purchasing Social Welfare Taxes The Australian United States Public Health Service
Content Type	Text
Resource Type	Article

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