The role of income and health risk in the choice of health insurance: Evidence from Australia

Health insurance choice is investigated using individual data from Australia where all people faced a common limited set of possible health insurance policies. The data cover two separate regimes: one in which insurance choice was for a more generous level of coverage; and one in which the choice wa...

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Bibliographic Details
Published in:Journal of public economics 1991-06, Vol.45 (1), p.1-28
Main Authors: Cameron, A.Colin, Trivedi, Pravin K.
Format: Article
Language:English
Subjects:
Australia
Choices
Comparative studies
Economic models
Economic theory
Health
Health insurance
Health risk assessment
Health risks
Income
Insurance coverage
Insurance policies
Regression analysis
Risk
Roles
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Summary:Health insurance choice is investigated using individual data from Australia where all people faced a common limited set of possible health insurance policies. The data cover two separate regimes: one in which insurance choice was for a more generous level of coverage; and one in which the choice was a more dramatic one between insurance and no insurance coverage. In determining health insurance choice, the results indicate a major role for income; a major role for premium, notably in the first regime; and a minor role for observed factors related to health risk, aside from age and sex.
ISSN:0047-2727
1879-2316
DOI:10.1016/0047-2727(91)90045-4