In the conditions of market infrastructure for the transformation of medical services, there is an objective need to build effective insurance protection of the population against risks associated with loss of health. Using a systematic approach, the problem of combining compulsory and voluntary health insurance is investigated, a theoretical conceptualization of the concept of “financial mecha...

Adverse selection has long been recognized as a rationale for government intervention in insurance markets and for the adoption of public compulsory insurance. A di¤erent rationale for compulsory insurance is that overcon…dent individuals may underinsure because they underestimate the relevant risks. We show that government intervention is not a Pareto improvement in an adverse selection model ...

— We study a microfinance program that provides compulsory health insurance to its borrowers and their spouses. We find that non-borrowing spouses are less likely to file insurance claims than those who are borrowing. Further, a man is more likely to use the health insurance acquired through his wife’s loan than is a woman (through her husband’s loan). These patterns suggest that women who do n...

the problem of protecting the people injured by engine-driven means of transportation has been taken into consideration from 19th century and public rules and principles for protecting the people injured by enginedrivenmeans of transportation in different countries is not recognized as sufficient; because most of the legal systems arebased on fault and it is a difficult job to prove that fault....

In Germany, employees are generally obliged to participate in the public health insurance system, where coverage is universal, co-payments and deductibles are moderate, and premia are based on income. However, they may buy private insurance instead if their income exceeds the compulsory insurance threshold. Here, premia are based on age and health, individuals may choose to what extent they are...

This paper analyzes the political support for a public insurance in the presence of a private insurance alternative. The public insurance is compulsory and offers a uniform insurance policy. The private insurance is voluntary and can offer different insurance policies to different individual risks. We show that adverse selection on the private insurance market can lead a majority of individuals...