| Autor: |
Singh, Yadawendra, Kumar, Manoj |
| Předmět: |
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| Zdroj: |
IASSI Quarterly; Apr-Jun2023, Vol. 42 Issue 2, p264-283, 20p |
| Abstrakt: |
Public investment on health in India is very low (it stands out at 1.5 per cent of GDP in 2018- 19 as per Budget Estimates), which results in high out-of-pocket (OOP) expenditure on health. High OOP expenditure has a catastrophic impact on the household/ individual wellbeing as it disrupts the customary standard of living of these households. In order to protect these households from financial catastrophe, various state governments as well as the union government introduced various health insurance schemes, the efficacy of which is yet to be ascertained. This paper attempts to analyse the effectiveness of insurance schemes (both private and public) in reducing the financial burden of health shocks. The study adopted the two-step Heckman-Selection Method to examine the determinants of catastrophic health expenditure and the results showed that insurance was one of the major determinants of catastrophic health expenditure. Further, the study also showed that public health insurance was more equitable in nature. Therefore, the government should further increase its thrust towards health for all approaches and should bring them under the safety net. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
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