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The European Journal of Health Economics
Erschienen in: The European Journal of Health Economics 6/2017

20.09.2016 | Original Paper

China’s medical savings accounts: an analysis of the price elasticity of demand for health care

verfasst von: Hao Yu

Erschienen in: The European Journal of Health Economics | Ausgabe 6/2017

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Abstract

Although medical savings accounts (MSAs) have drawn intensive attention across the world for their potential in cost control, there is limited evidence of their impact on the demand for health care. This paper is intended to fill that gap. First, we built up a dynamic model of a consumer’s problem of utility maximization in the presence of a nonlinear price schedule embedded in an MSA. Second, the model was implemented using data from a 2-year MSA pilot program in China. The estimated price elasticity under MSAs was between −0.42 and −0.58, i.e., higher than that reported in the literature. The relatively high price elasticity suggests that MSAs as an insurance feature may help control costs. However, the long-term effect of MSAs on health costs is subject to further analysis.
Fußnoten
1
The central government started the pilot with MSAs in two cities in 1994, and in 1996 expanded it to nearly 60 cities including the city described in this study. By 2001, more than 80 % of all cities in China had implemented programs with MSAs.
 
2
One US$ was approximately 8.3 Chinese Yuan in 1997.
 
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Metadaten
Titel
China’s medical savings accounts: an analysis of the price elasticity of demand for health care
verfasst von
Hao Yu
Publikationsdatum
20.09.2016
Verlag
Springer Berlin Heidelberg
Erschienen in
The European Journal of Health Economics / Ausgabe 6/2017
Print ISSN: 1618-7598
Elektronische ISSN: 1618-7601
DOI
https://doi.org/10.1007/s10198-016-0827-9

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