International Risk Sharing and Health Insurance Financing
AbstractWhen medical care prices and individual health needs follow stochastic processes with non-zero trends, community rating facilitates lifetime insurance and intergenerational risk sharing. While such policies are unsustainable in competitive private insurance markets, they provide the basis for the financing of public health systems designed to spread risks efficiently.
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Bibliographic InfoPaper provided by Australian National University - Department of Economics in its series Papers with number 321.
Length: 13 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: THE AUSTRALIAN NATIONAL UNIVERSITY, DEPARTMENT OF ECONOMICS, RESEARCH SCHOOL of PACIFIC STUDIES, RESEARCH SCHOOL OF SOCIAL SCIENCES, G.P.O. 4, CANBERRA ACT 2601 AUSTRALIA..O. BOX 4 CANBERRA 2601 AUSTRALIA.
Web page: http://economics.anu.edu.au/economics.htm
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HEALTH INSURANCE; RISK;
Find related papers by JEL classification:
- I10 - Health, Education, and Welfare - - Health - - - General
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
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