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Price Cap Regulation In The Brazilian Health Insurance Market And Its Effects On The Quantities Of Hired Plans

Author

Listed:
  • Yuri Kasakevic Tsan Hu

    (Universidade Presbiteriana Mackenzie (UPM))

  • Vladimir Fernandes Maciel

    (Universidade Presbiteriana Mackenzie (UPM))

Abstract

A “crisis sensation†has been present for some years in the supplementary health market in Brazil in the segment of individual and family plans. This would not be a problem, however, the number of existing contracts places the country as one of the main markets in the world. Despite universal access promoted by the Unified Health System (Sistema Único de Saúde [SUS]), a significant portion of the Brazilian population is served by supplementary health. Between 2013 and 2018, there was a systematic decrease in the number of individual plans in the supplementary health sector, which represents an important public policy and welfare concern. The purpose of this paper is to investigate the Brazilian supplementary health sector, in order to quantify the impacts on the negotiated quantity of contracts resulting from the price cap regulated by the National Supplementary Health Agency (ANS). Econometric techniques were used for static and dynamic panel data models. The results obtained show that the price cap policy negatively affects the number of individual or family plans hired.

Suggested Citation

  • Yuri Kasakevic Tsan Hu & Vladimir Fernandes Maciel, 2021. "Price Cap Regulation In The Brazilian Health Insurance Market And Its Effects On The Quantities Of Hired Plans," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 18(spe), pages 176-208, special i.
  • Handle: RePEc:aft:journl:v:18:spe:2021:specialissue:p:176-208
    DOI: 10.5935/1808-2785/rem.v18nespp.176-208
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    More about this item

    Keywords

    Private health; individual and familiar insurances; regulation; insurance market; Brazil.;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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