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| Content Provider | World Health Organization (WHO)-Global Index Medicus |
|---|---|
| Author | Hsu, Minchung Huang, Xianguo Yupho, Somrasri |
| Spatial Coverage | Thailand |
| Description | Author Affiliation: Hsu M ( National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan. Electronic address: minchunghsu@grips.ac.jp.); Huang X ( National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan.); Yupho S ( Fiscal Policy Office, Ministry of Finance, Thailand.) |
| Abstract | This paper quantitatively investigates the sustainability of the universal health insurance coverage (UHI) system in Thailand while taking into account the country's rapidly aging population and large informal labor sector. We examine the effects of population aging and informal employment across three tax options for financing the UHI. A modern dynamic general equilibrium framework is utilized to conduct policy experiments and welfare analysis. In the case of labor income tax being used to finance the cost of UHI, an additional 11-15% of labor tax will be required with the 2050 population age structure, compared with the 2005 benchmark economy. We also find that an expansion of income tax base to the informal sector can substantially alleviate the tax burden. Based on welfare comparisons across the alternative tax options, the labor income tax is the most preferred because the inequality between formal/informal sectors is large. If the informal sector cannot avoid labor income tax, capital tax will be preferred over labor and consumption taxes. |
| File Format | HTM / HTML |
| ISSN | 02779536 |
| e-ISSN | 18735347 |
| Journal | Social Science & Medicine |
| Volume Number | 145 |
| Language | English |
| Publisher | Elsevier |
| Publisher Date | 2015-11-01 |
| Publisher Place | Great Britain (UK) |
| Access Restriction | Open |
| Subject Keyword | Discipline Medicine Insurance, Health Universal Coverage Adolescent Aging Employment Health Care Costs Income Tax Thailand Research Support, Non-u.s. Gov't |
| Content Type | Text |
| Resource Type | Article |
| Subject | Medicine Health (social science) History and Philosophy of Science |
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