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NBER Working Papers and Publications
|September 2016||Financial Risk Protection from Social Health Insurance|
with Kayleigh Barnes, Patrick Mullen, Neeraj Sood: w22620
This paper estimates the impact of social health insurance on financial risk reduction by utilizing data from a natural experiment created by the phased roll out of a social health insurance program for the poor in India. We estimate the impact of insurance on the distribution of out-of-pocket costs, frequency and amount of money borrowed for health reasons, and the likelihood of incurring catastrophic health expenditures. We use a stylized expected utility model to compute the welfare effects associated with changes due to insurance in the distribution of out-of-pocket costs. We adjust the standard model to account for the unique conditions of a developing country by incorporating consumption floors, informal borrowing, and selling of assets. These adjustments allow us to estimate the va...
Published: Kayleigh Barnes & Arnab Mukherji & Patrick Mullen & Neeraj Sood, 2017. "Financial risk protection from social health insurance," Journal of Health Economics, .