Title
The impact of government expenditure on prepayment for health services : evidence from cointegration analysis in heterogeneous panel dataThe impact of government expenditure on prepayment for health services : evidence from cointegration analysis in heterogeneous panel data
Author
Faculty/Department
Faculty of Applied Economics
Research group
Economics
Publication type
report
Publication
Antwerp :University of Antwerp, [*]
Subject
Economics
Source (series)
Research paper / UA, Faculty of Applied Economics ; 2012:029
Volume/pages
18 p.
1
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
Prepayment of health care financing is a crucial factor to ensure that all individuals have access to effective public and personal health care at affordable prices. However, it is important to find out what the determinants of the level of prepayment are. More specifically, does more government expenditure mean higher prepayment rates in the health financing system? What are the different effects of government expenditure towards the two financing sectors, public financing and private prepaid plans, respectively? To answer these questions, the present paper introduces a three-sector health finance model and uses 34 OECD member data over the 1990-2009 period through panel cointegration analysis. Our findings show that, overall, government expenditure increases the level of prepayment in the health financing system, although the improvement is varied across economies. Our research also highlights that government expenditure has a significant positive e¤ect on public financing in cases where the system is further divided by financing sectors. However, it does not discourage the growth of private prepaid plans.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/a67e8d/3b4d65d8.pdf
Handle