Health insurance, endogenous medical progress, health expenditure growth, and welfare

Frankovic, Ivan; Kühn, Michael

doi:10.1016/j.jhealeco.2022.102717

Cited by 11 publications

(7 citation statements)

References 77 publications

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“…Besides, individuals participating in healthcare insurance are more prone to receiving medical service timely, diminishing the risk of chronic diseases, thus enhancing their quality of life and facilitating engagement in social and economic activities. Moreover, in line with the life cycle theory, individuals adopt unique asset allocation strategies at various life stages, with these shifts closely connected to their health conditions and physical functions ( 29 ). With better health and less uncertainty about medical expenses, individuals can focus on career development or entrepreneurial activities.…”

Section: Research Hypothesis and Frameworkmentioning

confidence: 99%

The relationship between health insurance and economic performance: an empirical study based on meta-analysis

Fan,

Li,

Song

2024

Front. Public Health

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Health insurance stands as a pivotal facet of social wellbeing, with profound implications for the overarching landscape of economic development. The existing research, however, lacks consensus on the relationship between health insurance and economic performance and provides no evidence about the magnitude of the correlation. This lack of information seriously impedes the high-quality development of the healthcare system. Therefore, to scientifically elucidate the relationship between the two, this study involved a meta-analysis, analyzing 479 effect values derived from 34 independent research samples. The results reveal a strongly positive correlation between health insurance and economic performance [r = 0.429, 95% CI = (0.381, 0.475)]. Findings show that health insurance in developed countries more effectively fosters economic performance than in developing countries. Moreover, public health insurance exerts a stronger promoting effect on economic performance than commercial health insurance. The relationship between health insurance and economic performance is moderated by data type, research method, country of sample origin, literature type, journal impact factor, publication year, type of health insurance, and the research populations. Based on meta-analysis, this study not only scientifically responds to the controversy of the relationship between health insurance and economic performance, and the magnitude of a correlation, but also further reveals the inner conduction mechanism between the two. Our research findings are meaningful for policymakers to choose an appropriate healthcare strategy according to their unique attributes, propelling sustainable economic development.

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Section: Research Hypothesis and Frameworkmentioning

confidence: 99%

The relationship between health insurance and economic performance: an empirical study based on meta-analysis

Fan,

Li,

Song

2024

Front. Public Health

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“…When it comes to addressing the health needs of a population, these resources are important, and they can be particularly useful in decreasing the adverse effects of environmental factors ( 53 ). It can also be expected that increases in public health expenditures will improve health care, lower its costs, and expand its accessibility ( 54 , 55 ). Therefore, when public health facilities are easily accessible, the favorable economic impacts of green taxation on public health, such as lower healthcare expenditures and greater productivity, can get even more pronounced ( 56 ).…”

Section: Background Of the Studymentioning

confidence: 99%

Eco-friendly revenues for healthcare: assessing the relationship between green taxation, public health expenditures, and life expectancy in China

Zhang

2024

Front. Public Health

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IntroductionThe synergy of green taxation, public health expenditures, and life expectancy emerges as a compelling narrative in the intricate symphony of environmental responsibility and public well-being. Therefore, this study examine the impact of green taxation on life expectancy and the moderating role of public health expenditure on the said nexus, particularly in the context of China, an emerging economy.MethodsStatistical data is collected from the National Bureau of Statistics of China to empirically examine the proposed relationships. The dataset contains provincial data across years.ResultsUsing fixed-effect and system GMM regression models alongwith control variables, the results found a positive and statistically significant influence of green taxation on life expectancy. Moreover, public health expenditures have a positive and statistically significant partial moderating impact on the direct relationship.DiscussionThese findings suggest that the higher cost of pollution encourages individuals and businesses to shift to less environmentally harmful alternatives, subsequently improving public health. Moreover, government investment in the health sector increases the availability and accessibility of health facilities; thus, the positive impact of green taxation on public health gets more pronounced. The findings significantly contribute to the fields of environmental and health economics and provide a new avenue of research for the academic community and policymakers.

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“…A consensus view in the literature is that there has been little technological progress before the 1960s and substantial progress afterwards, originating from the 'cardiovascular revolution' (Hansen and Strulik, 2017). Improved medical technology is one potential reason for increased demand for health insurance and treatments, and thus for a rising health expenditure share over time (Weisbrod, 1991;Frankovic and Kuhn, 2022). We assume that A was basically constant before 1950 and increased by one percent per year from the late 1960s onwards in order to generate (jointly with the other time series) a good fit for the health expenditure share.…”

Section: Calibrating the Epidemiological Transitionmentioning

confidence: 99%

Life Cycle Economics with Infectious and Chronic Diseases

Strulik

Grossmann

2022

SSRN Journal

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Health insurance, endogenous medical progress, health expenditure growth, and welfare

Cited by 11 publications

References 77 publications

The relationship between health insurance and economic performance: an empirical study based on meta-analysis

The relationship between health insurance and economic performance: an empirical study based on meta-analysis

Eco-friendly revenues for healthcare: assessing the relationship between green taxation, public health expenditures, and life expectancy in China

Life Cycle Economics with Infectious and Chronic Diseases

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