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The Aggregate Demand for Private Health Insurance Coverage in the United States

  • Francis W. Ahking
  • Carmelo Giaccotto
  • Rexford E. Santerre

This article estimates the aggregate demand for private health insurance coverage in the United States using an error correction model for the period 1966-1999. Both short- and long-run price and income elasticities of demand are estimated. The empirical findings indicate that both private insurance enrollment and the completeness of insurance are relatively inelastic with respect to changes in price and income in the short and long run. Moreover, the results suggest that an increase in the number cyclically and frictionally uninsured generates less welfare loss than an increase in the number of structurally uninsured. Copyright (c) The Journal of Risk and Insurance, 2009.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1539-6975.2009.01290.x
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Article provided by The American Risk and Insurance Association in its journal Journal of Risk and Insurance.

Volume (Year): 76 (2009)
Issue (Month): 1 ()
Pages: 133-157

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Handle: RePEc:bla:jrinsu:v:76:y:2009:i:1:p:133-157
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  1. Hansen, B.E., 1990. "A Powerful, Simple Test For Cointegration Using Cochrane- Orcutt," RCER Working Papers 230, University of Rochester - Center for Economic Research (RCER).
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  8. John Cawley & Kosali I. Simon, 2003. "The Impact of Macroeconomic Conditions on the Health Insurance Coverage of Americans," NBER Chapters, in: Frontiers in Health Policy Research, Volume 6, pages 87-114 National Bureau of Economic Research, Inc.
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  10. Weiyu Kuo & Chenghsien Tsai & Wei-Kuang Chen, 2003. "An Empirical Study on the Lapse Rate: The Cointegration Approach," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 70(3), pages 489-508.
  11. Allan W. Gregory, 1991. "Testing for Cointegration in Linear Quadratic Models," Working Papers 811, Queen's University, Department of Economics.
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