Does targeted information impact consumers’ preferences for value-based health insurance? Evidence from a survey experiment

Tess L. C. Bardy () and Stefan Boes
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Tess L. C. Bardy: University of Lucerne
Stefan Boes: University of Lucerne

Health Economics Review, 2024, vol. 14, issue 1, 1-11

Abstract: Abstract Objectives Value-based insurance design (VBID) aims to direct consumers’ preferences by incentivizing the use of high-value care and discouraging the use of low-value care. However, consumers often have limited knowledge of health insurance and the health insurance system, possibly distorting their preferences. In this study, we aim to investigate the impact of specific information treatments on consumers’ preferences for VBID. Methods We implemented an information experiment as part of a representative survey on health insurance literacy and preferences for VBID within Switzerland’s choice-based health insurance system. Preferences for VBID were measured through a discrete choice experiment. Cross-sectional data on 6,033 respondents aged 26–75 were analyzed using descriptive statistics and mixed logit regressions. Results Respondents showed strong preferences for their current health insurance instead of VBID alternatives. A general description of current regulations on cost-sharing, drug disbursement, and monthly premiums significantly increased preferences for VBID (p

Keywords: Information provision; Health insurance preferences; Value-based insurance design; Choice-based health insurance; Health insurance literacy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1186/s13561-024-00573-9

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