The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme

The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme

This paper estimates the monetary value of financial risk reduction associated with membership in Ghana’s National Health Insurance Scheme, based on recent national household survey data. The paper compares the risk premiums for distributions of ou...

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Bibliographic Details
Main Authors: Raju, Dhushyanth, Younger, Stephen D.
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
OUT-OF-POCKET EXPENDITURE
PUBLIC HEALTHCARE
HEALTH INSURANCE
FINANCIAL RISK PROTECTION
HEALTHCARE SERVICES
HEALTH INSURANCE TRANSFER VALUE
FINANCIAL RISK OF ILLNESS
MEDICAL INSURANCE BENEFITS
Online Access:http://documents.worldbank.org/curated/en/099805106022229866/IDU087388de301bc904e7b080ac06c27cac5ab5b
http://hdl.handle.net/10986/37514
id okr-10986-37514
recordtype oai_dc
spelling okr-10986-375142022-06-10T05:10:35Z The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme Raju, Dhushyanth Younger, Stephen D. OUT-OF-POCKET EXPENDITURE PUBLIC HEALTHCARE HEALTH INSURANCE FINANCIAL RISK PROTECTION HEALTHCARE SERVICES HEALTH INSURANCE TRANSFER VALUE FINANCIAL RISK OF ILLNESS MEDICAL INSURANCE BENEFITS This paper estimates the monetary value of financial risk reduction associated with membership in Ghana’s National Health Insurance Scheme, based on recent national household survey data. The paper compares the risk premiums for distributions of out-of-pocket healthcare expenditures with and without insurance and find that the difference is small. This does not mean that the National Health Insurance Scheme has no value to members. Indeed, the findings show that the insured pay significantly less for healthcare than the uninsured on average. But that average reduction does not translate into a reduced spread of consumption net of out-of-pocket healthcare expenditures. Thus, the benefit of the National Health Insurance Scheme is entirely a transfer benefit, not a reduction in financial risk. 2022-06-09T20:06:49Z 2022-06-09T20:06:49Z 2022-06 Working Paper http://documents.worldbank.org/curated/en/099805106022229866/IDU087388de301bc904e7b080ac06c27cac5ab5b http://hdl.handle.net/10986/37514 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research Ghana
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic OUT-OF-POCKET EXPENDITURE
PUBLIC HEALTHCARE
HEALTH INSURANCE
FINANCIAL RISK PROTECTION
HEALTHCARE SERVICES
HEALTH INSURANCE TRANSFER VALUE
FINANCIAL RISK OF ILLNESS
MEDICAL INSURANCE BENEFITS
spellingShingle OUT-OF-POCKET EXPENDITURE
PUBLIC HEALTHCARE
HEALTH INSURANCE
FINANCIAL RISK PROTECTION
HEALTHCARE SERVICES
HEALTH INSURANCE TRANSFER VALUE
FINANCIAL RISK OF ILLNESS
MEDICAL INSURANCE BENEFITS
Raju, Dhushyanth
Younger, Stephen D.
The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
geographic_facet Ghana
description This paper estimates the monetary value of financial risk reduction associated with membership in Ghana’s National Health Insurance Scheme, based on recent national household survey data. The paper compares the risk premiums for distributions of out-of-pocket healthcare expenditures with and without insurance and find that the difference is small. This does not mean that the National Health Insurance Scheme has no value to members. Indeed, the findings show that the insured pay significantly less for healthcare than the uninsured on average. But that average reduction does not translate into a reduced spread of consumption net of out-of-pocket healthcare expenditures. Thus, the benefit of the National Health Insurance Scheme is entirely a transfer benefit, not a reduction in financial risk.
format Working Paper
author Raju, Dhushyanth
Younger, Stephen D.
author_facet Raju, Dhushyanth
Younger, Stephen D.
author_sort Raju, Dhushyanth
title The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
title_short The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
title_full The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
title_fullStr The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
title_full_unstemmed The Financial Risk Reduction Provided by Ghana’s National Health Insurance Scheme
title_sort financial risk reduction provided by ghana’s national health insurance scheme
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/099805106022229866/IDU087388de301bc904e7b080ac06c27cac5ab5b
http://hdl.handle.net/10986/37514
_version_ 1764487373144457216

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