Private Voluntary Health Insurance: Consumer Protection and Prudential Regulation (World Bank Publications) - Softcover

Brunner, Greg; Gottret, Pablo; Hansl, Birgit; Kalavakonda, Vijayasekar; Nagpal, Somil; Tapay, Nicole

Softcover

ISBN 10: 0821387561 ISBN 13: 9780821387566

Publisher: World Bank Publications, 2012

Synopsis

Health insurance can offer protection against catastrophic medical expenses and improve access to health care. There are, however, imperfections in the insurance market that require intervention such as asymmetry of information between the policy holder and the insurance company, moral hazard that can occur on the side of the insured or the provider of health services, risk selection that may lead to cream skim a particular market, and others. To encourage the effective development of Voluntary Private Health Insurance, it will be necessary for policymakers to establish and enforce regulatory standards that will attempt to correct inefficiencies from market failures and that will achieve desired social objectives.

Edition details

• Publisher: World Bank Publications
• Publication date: 2012
• Language: English
• ISBN 10: 0821387561
• ISBN 13: 9780821387566
• Binding: Paperback
• Number of pages: 130