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Korean Journal of Preventive Medicine 1995;28(2): 450-461.
An Empirical Analysis of Price Elasticity of the Demand for Medical Care Services in Korean National Health Insurance Program.
Chunbae Kim, Dosung Lee, Hanjoong Kim, Myongsei Sohn
ABSTRACT
This paper tested by using Micro TSP, an empirical econometric analysis to approve officially a hypothesis of price elasticity of the demand for medical care services in Korean national medical insurance and the economic effect of health care delivery system with time-series datas of Medical Insurance statistical yearbook(1981-1993). The results suggest that the korean medical insurance system shows moral hazard due to the change of coinsurance and the economic effect according to intervention of the health care delivery system, but it is different by insurers regardless of the same structure of the medical insurance scheme.
Key words: Price Elasticity of Demand; Korean Medical Insurance; Coinsurance; Moral Hazard; Health care Delivery system
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