Voluntary health insurance as a source of funding for the health care system: the world’s experience and Ukraine

Zhuravka, Fedir; Zhuravka, Olena; Bondarenko, Eugenia

doi:10.21511/ins.11(1).2020.07

Cited by 4 publications

(3 citation statements)

References 13 publications

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“…There are several research directions. Zhuravka et al (2020) reviews the experience of foreign countries and investigates the voluntary insurance development in Ukraine as an extra-budgetary source of healthcare funding. The calculations made it possible to conclude that the voluntary insurance market in Ukraine has a potential for development.…”

Section: Literature Reviewmentioning

confidence: 99%

Fractal analysis of the medical insurance market: Theoretical and practical aspects

Mańka-Szulik,

Kolomiiets,

Krawczyk

et al. 2023

HEM

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The latest experience obviously reflects that social-economic systems increasingly demonstrate an unforecastable behaviour. Financial markets are characterised by extremely guick change and crisis phenomena. Use of traditional modelling methods (in particular, the effective market hypothesis) provides no opportunity to obtain efficient forecasts about state and development of financial markets. One of promising methods in researching and modelling financial markets is the fractal analysis. Various natural and social phenomena posess fractality properties, namely there are similar structures on different scales. Generality of the fractal analysis methods allows their applying to study systems of any nature – from physical to economic and social ones. Fractality attributes of time series provide its dynamics pre-forecast and assess the time series predictability. The fractal analysis consists in establishing the extent of time series similarity to the fractal ones and defining a relation between the trend line and fractal dimension. The Hurst exponent assessment (persistence or anti-persistence of time series) predicts the further process development on the preliminary data basis. The fractal analysis efficiency during the unstable market periods is applicable for studying different social-economic systems (in particular, the Ukrainian medical insurance market). The research object is time series of gross insurance rewards on the Ukrainian medical insurance market. The research topic is the time series fractal analysis. The paper deals with peculiarities of the time series fractal analysis, the R/S analysis for time series of gross insurance rewards on the Ukrainian medical insurance market (via the MS Excel software). The Statistica 10.0.228.2 application generated the ARIMA model to predict dynamics of the gross insurance rewards on the Ukrainian medical insurance market. The obtained results may be used to conduct the R/S analysis of financial time series. In particular, that concerns those time series that describe the insurance market. Also, dynamics of the financial time series may be forecasted via these results as well.

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Section: Literature Reviewmentioning

confidence: 99%

Fractal analysis of the medical insurance market: Theoretical and practical aspects

Mańka-Szulik,

Kolomiiets,

Krawczyk

et al. 2023

HEM

View full text Add to dashboard Cite

show abstract

“…On the other hand, Zhuravka et al (2020) compared the healthcare financing structure in developed countries and Ukraine. These scientists considered the international experience of the voluntary health insurance market, calculated the potential capacity of the voluntary health insurance sector in Ukraine.…”

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confidence: 99%

“…The study (Gataullіna, 2018) identified the main advantages and disadvantages of voluntary health insurance. The author analyzed the performance of leading insurance companies for voluntary health insurance.…”

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confidence: 99%

Development of the voluntary health insurance market in Ukraine

Zhuravka

Daher

Bosak

2021

HEM

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This paper is aimed to study the development trends of the domestic voluntary health insurance market. The authors analyzed the current state of the domestic voluntary health insurance market by its types. In the study framework, the main tendencies were determined, while the relative ratios of voluntary health insurance market functioning were calculated. Health insurance has a great potential to be a promising source of additional funding for medicine in Ukraine. However, the systematization of scientific sources indicated that unresolved issues of further development of health insurance and the search for effective external funding sources for medicine in Ukraine, one of which may be the market of voluntary health insurance. This research’s urgency consists of insufficient healthcare budgetary funding and low healthcare quality, provoking external funding sources’ growth in national healthcare facilities such as voluntary health insurance. The study of the features of the voluntary health insurance market development was carried out in the following logical sequence: determining the relevance of the research topic; investigating the scientific background on the research topic; establishing the methodological basis; analyzing the indicators of voluntary medical insurance market development; considering the structure of health funding sources in Ukraine and some countries of Eastern Europe. The authors determined a need to develop voluntary health insurance in Ukraine as an external health funding source based on the findings. The conclusions and recommendations were formed. The study involved the methods of deduction and induction, analogy and comparative analysis, graphical method, method of statistical comparison. The research object is the voluntary health insurance market in Ukraine. The research period is 2012-2020. The obtained results indicated that the voluntary health insurance market is undoubtedly an essential component of the Ukrainian insurance market. The authors noted that it is an effective additional way for actual funding the social needs in medicine. Therefore, it calls for further in-depth study and more attention from the population. The results of this study could be helpful for scientists, health and insurance professionals.

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Analysis and Forecasting of the Development of the Voluntary Health Insurance Market in Ukraine

Zhuravka

Bosak

Kubakh

et al. 2022

VSDU

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The article examines the development trends of the domestic market of the voluntary health insurance. It was determined that in the conditions of insufficient budgetary financing of the health care system as well as the low quality of medical care in Ukraine, the importance of extra- budgetary sources of financing is growing. The health sector needs to be reformed immediately, and alternative funding channels sought to ensure that health services are accessible to all sections of the population and are of a high quality. Based on the analysis of the indicator of the cost of "own pockets" of the population for health care, it was argued that health insurance can be a promising source of additional funding for health care in Ukraine. The further step was to analyze the share of health insurance in the European insurance market, its importance, and the growth of demand in the recent years. The study of the peculiarities of the domestic market of voluntary health insurance was carried out in the following logical sequence: the share of health insurance in the insurance market of Ukraine was considered, the dynamics of insurance premiums and insurance payments in general for health insurance and its varieties. The activity of insurers in the field of voluntary health insurance was also evaluated in the work. It was established that the leaders of the voluntary health insurance market are such insurance companies as: "UNICA", "PROVIDNA", "INGO", "ARX", "ALPHA-INSURANCE". Among the main advantages of these insurers is the variety of health insurance products that are available to different segments of the population and include a large list of insured events. The article also provided a forecast of the main indicators of the voluntary health insurance market of Ukraine for the next three years. Forecasts indicate a positive development of the voluntary health insurance segment in Ukraine and once again point to the prospect of financing medicine through the use of voluntary health insurance. The results of this study can be effective for professionals, economists, scientists in the insurance and the medical fields.

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Voluntary health insurance as a source of funding for the health care system: the world’s experience and Ukraine

Cited by 4 publications

References 13 publications

Fractal analysis of the medical insurance market: Theoretical and practical aspects

Fractal analysis of the medical insurance market: Theoretical and practical aspects

Development of the voluntary health insurance market in Ukraine

Analysis and Forecasting of the Development of the Voluntary Health Insurance Market in Ukraine

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