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German Long-Term Health Insurance: Theory Meets Evidence / Juan Pablo Atal, Hanming Fang, Martin Karlsson, Nicolas R. Ziebarth.
- Format:
- Book
- Author/Creator:
- Atal, Juan Pablo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26870.
- NBER working paper series no. w26870
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Long-Term Health Insurance
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- By insuring policyholders against contemporaneous health expenditure shocks and future reclassification risk, long-term health insurance contracts are a viable alternative to community-rated short-term contracts with an individual mandate. German long-term health insurance (GLTHI) is the largest market for private long-term health insurance contracts in the world. It features a simple design with initial risk-rating followed by guaranteed-renewable constant premiums over the lifecycle. We estimate the key ingredients of a life-cycle model to assess the welfare effects of the GLTHI contract and compare them to the optimal contract. This comparison provides further lessons about the trade-offs of long-term health insurance design.
- Notes:
- Print version record
- March 2020.
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