Optimal hybrid health insurance under budget constraints for a large population
Date
2020-12-14
Authors
Lu, Yi-Fan
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Abstract
This thesis proposes a model that sheds lights on the fundamental problem: How
does an integrated healthcare system, consisting of universal basic insurance and
supplementary insurance, outperform a single-payer system? Standing from the
viewpoint of the government, our model attempts to simulate the outcome of insurance
policies subject to certain premises and constraints. Inspired by several
statistical models and health economics models, we devise a financial utility function
that consists variables representing individuals’ income and health risk factors.
Applying statistical theories and approaches, we derive and calculate the levels
of the copayments and premiums then compare the values in different settings.
Eventually, we are able to obtain and select the optimal scenario which optimizes
the use of the hybrid health insurance in the population as a whole.
Description
Keywords
Health insurance, Large population, Asymptotic distribution