How to Cover the Medical Costs of Hospitalization: a Theoretical Model Based on the Household Willingness to Pay

Amaïde Arsan Miriarison Tsikomia (), Razvan Stefanescu () and Daniela Sarpe ()
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Amaïde Arsan Miriarison Tsikomia: Faculty of Law, Economics, Management and Sociology, University of Toliara – Madagascar
Razvan Stefanescu: Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania
Daniela Sarpe: Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2012, issue 2, 133-138

Abstract: Covering medical costs is very important, in order to solve the various financial problems that limit the users’ access to health care (patients attending the public hospitals). Designing a new model of financing system by using an additional levy to the local tax revenue is one of the solutions to these problems. This theoretical model optimizes the amount of financial participation of the users or "pfu" compared to the direct costs of hospital care starting from the willingness to pay revealed by the household. The criterion of morbidity for predicting the staffing of a part from the tax amount was chosen so that we can handle most of the users of the hospital. Firstly, the model shows that our new system could reduce the direct costs of care paid by users, and secondly, it also helps provide an additional resource in the supplementary budget of hospitals

Keywords: Willingness-to-pay or WTP; Financing; Financial participation of the users; Covering of medical costs; Access to health care (search for similar items in EconPapers)
JEL-codes: H51 H72 H76 I13 I38 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2012:i:2:p:133-138

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