Guaranteed Renewability with Group Insurance

被引：0
|
作者：
Mark Pauly
Andreas Nickel
Howard Kunreuther
机构：
[1] University of Pennsylvania,The Wharton School, Health Care Systems Department
[2] Georg-August-University Göttingen,Seminar f¨r Versicherungswissenschaft
[3] University of Pennsylvania,The Wharton School, Operations and Information Management
来源：
Journal of Risk and Uncertainty | 1998年 / 16卷
关键词：
Insurance; health insurance; health care; risk sharing; Medicare;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper investigates a multiple-period level premium insurance policy equilibrium in a model in which loss probabilities increase for a fixed time period for a set of persons buying insurance in a group. We show that a level-premium sequence which induces risk averse persons to become and remain members of the group exists. We also show that the availability of the Medicare program can prevent the emergence of optimal level-premium private group insurance, but that a system of bonuses for remaining in the group can permit optimality to be retained.
引用
收藏
页码：211 / 221
页数：10
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