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The Demand for Private Medical Insurance
This article describes a detailed study of the private medical insurance market including an analysis of the decision to purchase private medical insurance.
Author: Gavin Wallis
Economic Trends, no 606, pp 46-56. ISSN: 0013-0400
This article provides an overview of private medical insurance coverage in Great Britain and presents results from an empirical analysis of the demand for private medical insurance. This analysis uses a random effects probit model to investigate the individual purchase decision using a six-year panel from the British Household Panel Survey. The results suggest that income, age, sex, proxies for attitude towards private provision, employment status, regional waiting lists and public health expenditure are associated with the demand for private medical insurance.
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