Premium
WILLINGNESS TO PAY IN CHINA'S NEW COOPERATIVE MEDICAL SYSTEM
Author(s) -
BROWN PHILIP H.,
HUFF THOMAS
Publication year - 2011
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2010.00199.x
Subject(s) - willingness to pay , china , medical insurance , business , willingness to accept , demographic economics , health insurance , public economics , survey data collection , economics , actuarial science , economic growth , health care , microeconomics , geography , archaeology , statistics , mathematics
Household survey data from China is used to analyze the determinants of households' willingness to pay to participate in the New Cooperative Medical System (NCMS). Wealthier households, households with at least one member who has been treated as an inpatient, and households in counties where NCMS is already established are willing to pay more for the program. Households who carry other forms of insurance, however, have a lower willingness to pay for the NCMS. We also find that the participation fee could be increased substantially to increase the size of the risk pool while scarcely affecting participation rates. ( JEL I1, O1, D1)