Skip to content

Journal Article

Testing for asymmetric information in private health insurance

Authors

Publication date

Mar 2013

Summary

We test for asymmetric information in the UK private health insurance (PHI) market. In contrast to earlier research that considers either a purely private system or one where private insurance is complementary to public insurance, PHI is substitutive of the public system in the UK. Using a theoretical model of competition among insurers incorporating this characteristic, we link the type of selection (adverse or propitious) with the existence of risk-related information asymmetries. Using the British Household Panel Survey, we find evidence that adverse selection is present in the PHI market, which leads us to conclude that such information asymmetries exist.

Published in

The Economic Journal

Volume and page numbers

123 , 96 -130

DOI

http://dx/doi.org/10.1111/j.1468-0297.2012.02520.x

ISSN

16

Subjects

Insurance and Health

Links

http://serlib0.essex.ac.uk/record=b1597352~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#520740


Research home

Research home

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest