Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia

This study analyzes the willingness to pay for health insurance and hence the potential market for new low-cost health insurance product in Namibia, using the double bounded contingent valuation (DBCV) method. The findings suggest that 87 percent of the uninsured respondents are willing to join the...

Full description

Bibliographic Details
Main Authors:	Gustafsson-Wright, E., Asfaw, A., van der Gaag, J.
Format:	Journal Article
Language:	EN
Published:	2012
Online Access:	http://hdl.handle.net/10986/5240

id	okr-10986-5240
recordtype	oai_dc
spelling	okr-10986-52402021-04-23T14:02:21Z Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia Gustafsson-Wright, E. Asfaw, A. van der Gaag, J. This study analyzes the willingness to pay for health insurance and hence the potential market for new low-cost health insurance product in Namibia, using the double bounded contingent valuation (DBCV) method. The findings suggest that 87 percent of the uninsured respondents are willing to join the proposed health insurance scheme and on average are willing to insure 3.2 individuals (around 90 percent of the average family size). On average respondents are willing to pay NAD 48 per capita per month and respondents in the poorest income quintile are willing to pay up to 11.4 percent of their income. This implies that private voluntary health insurance schemes, in addition to the potential for protecting the poor against the negative financial shock of illness, may be able to serve as a reliable income flow for health care providers in this setting. (C) 2009 Elsevier Ltd. All rights reserved. 2012-03-30T07:31:56Z 2012-03-30T07:31:56Z 2009 Journal Article Social Science & Medicine 0277-9536 http://hdl.handle.net/10986/5240 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Namibia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
geographic_facet	Namibia
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This study analyzes the willingness to pay for health insurance and hence the potential market for new low-cost health insurance product in Namibia, using the double bounded contingent valuation (DBCV) method. The findings suggest that 87 percent of the uninsured respondents are willing to join the proposed health insurance scheme and on average are willing to insure 3.2 individuals (around 90 percent of the average family size). On average respondents are willing to pay NAD 48 per capita per month and respondents in the poorest income quintile are willing to pay up to 11.4 percent of their income. This implies that private voluntary health insurance schemes, in addition to the potential for protecting the poor against the negative financial shock of illness, may be able to serve as a reliable income flow for health care providers in this setting. (C) 2009 Elsevier Ltd. All rights reserved.
format	Journal Article
author	Gustafsson-Wright, E. Asfaw, A. van der Gaag, J.
spellingShingle	Gustafsson-Wright, E. Asfaw, A. van der Gaag, J. Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
author_facet	Gustafsson-Wright, E. Asfaw, A. van der Gaag, J.
author_sort	Gustafsson-Wright, E.
title	Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
title_short	Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
title_full	Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
title_fullStr	Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
title_full_unstemmed	Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia
title_sort	willingness to pay for health insurance : an analysis of the potential market for new low-cost health insurance products in namibia
publishDate	2012
url	http://hdl.handle.net/10986/5240
_version_	1764394420277346304

Willingness to Pay for Health Insurance : An Analysis of the Potential Market for New Low-Cost Health Insurance Products in Namibia

Similar Items