An Empirical Study on Moral Hazard of Life Insurance : Evidence from Postal Insurance Market

2017 ◽  
Vol 25 (1) ◽  
pp. 75-95
Author(s):  
Iljoo Lee ◽  
Changjun Lee
Keyword(s):  
Health Insurance ◽  
Empirical Study ◽  
Moral Hazard ◽  
Life Insurance ◽  
Private Health Insurance ◽  
Empirical Finding ◽  
Medical Utilization ◽  
Insurance Market ◽  
Stage Model ◽  
Insurance Contracts

Due to the difficulty in obtaining data on life insurance contracts, previous studies on moral hazard of life insurance are confined to conceptual discussion or surveys of Korean health panel. To fill this gap, using comprehensive data from Postal insurance market, we perform an empirical study on moral hazard of life insurance from the period of 2008 to 2013. Our empirical findings are summarized as follows. First, employing the Heckman (1979)'s two stage model, we find that having indemnity private health insurance increases the number and period of medical utilization. In addition, number of private health insurance has a positive and highly significant effect on the number of period of medical utilization. Our empirical finding indicates that in a life insurance market with asymmetric information, there exists a moral hazard in order to maximize economic utility.

scholarly journals Thriving in a changing world – opportunities and challenges for private health insurance companies

2018 ◽  
Vol 1 (2018/1) ◽  
Keyword(s):  
Health Insurance ◽  
Private Health Insurance ◽  
Health Impact ◽  
Insurance Market ◽  
Insurance Companies ◽  
Full Potential ◽  
Global Trends ◽  
Health Insurance Companies ◽  
Health Insurance Market

The health insurance market in Poland reflects global trends – such as the rising awareness of personal health impact on quality of life. As a consequence, the health insurance market has seen substantial growth during the last years, which is forecasted to continue at over 20 percent more than life or P&C insurance globally. However, private health insurance has not yet unlocked its full potential.

Sex, Lies, and Health Insurance: Employer-Provided Health Insurance Coverage of Abortion and Infertility Services and the ADA

1996 ◽  
Vol 22 (1) ◽  
pp. 51-84
Author(s):  
D'Andra Millsap
Keyword(s):  
Health Insurance ◽  
Private Health Insurance ◽  
Insurance Coverage ◽  
Health Insurance Coverage ◽  
The United States ◽  
Infertility Treatment ◽  
Insurance Contracts ◽  
Access To Health ◽  
Infertility Treatments ◽  
Infertile Couples

Employer-provided health insurance is the backbone of the American healthcare system. Approximately four of five workers in the United States rely on health insurance provided in the workplace. Many commentators view access to health insurance as the doorway to the entire health care system. Thus, the benefits covered in employer-provided health insurance plans significantly impact millions of Americans.While private health insurance usually covers abortion, it traditionally has not covered infertility services. Eventually, courts began interpreting insurance contracts to include infertility treatments, leading insurers to specifically exclude infertility treatments from coverage. In response, a few states have passed mandated benefit laws requiring coverage of some or all infertility services. Nonetheless, current insurance coverage of infertility services is “erratic” at best. These exclusions are significant because abortion and infertility services can be quite expensive for the millions of infertile couples seeking some sort of infertility treatment and the millions of women who have abortions each year.

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