Australian private health insurance productivity growth: Is there scope to limit premium increases?

Carrington, Roger, Coelli, Tim and Rao, Prasada (2011) Australian private health insurance productivity growth: Is there scope to limit premium increases?. The Economic Record, 87 276: 125-139. doi:10.1111/j.1475-4932.2010.00684.x


Author Carrington, Roger
Coelli, Tim
Rao, Prasada
Title Australian private health insurance productivity growth: Is there scope to limit premium increases?
Journal name The Economic Record   Check publisher's open access policy
ISSN 0013-0249
1475-4932
Publication date 2011-03
Year available 2011
Sub-type Article (original research)
DOI 10.1111/j.1475-4932.2010.00684.x
Volume 87
Issue 276
Start page 125
End page 139
Total pages 15
Editor Glenn Otto
Harry Bloch
Jeffrey Sheen
Martin Richardson
Paul Miller
Place of publication Richmond, Vic., Australia
Publisher Wiley-Blackwell Publishing Asia
Collection year 2012
Language eng
Subject 140208 Health Economics
Abstract The regulation of Australian private health insurance premiums is not conducive to restricting premium increases because the criteria used by the Commonwealth Government to help set premiums do not consider efficient service delivery. This article examines levels of efficiency and productivity growth in Australian health funds. Efficiency frontiers are constructed using data envelopment analysis (DEA) methods, and Malmquist productivity indexes are constructed for the health funds. Our results demonstrate a wide disparity in productivity growth between large funds and smaller funds and funds open to the public and funds that have restricted public access. Consequently, there is scope for health funds to potentially reduce premium increases, on average, by about 0.4 per cent per year. © 2011 The Economic Society of Australia
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Article first published online: 12 JAN 2011

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2012 Collection
School of Economics Publications
 
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Created: Thu, 04 Nov 2010, 15:40:49 EST by Alys Hohnen on behalf of School of Economics