insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk. Its primary function is to substitute certainty for uncertainty as regards the economic cost of loss-producing events. Insurance relies heavily on the “law of large numbers.” In large homogeneous populations it is possible to estimate the normal fr ...
Of all the modern expedients for the distribution of property and for giving to poor men the security of civilised life, insurance is perhaps the most ingenious and the most valuable. The...
When poor people are given medical insurance, they not only find regular doctors and see doctors more often but they also feel better, are less depressed and are better able to maintain financial stability, according to a new, large-scale study that provides the first rigorously controlled assessment of the impact of Medicaid. While the findings may seem obvious, health economists and policy makers have long questioned whether it would make any difference to provide health insurance to poor people. ...
Uninsured risk has substantial welfare costs, not just in the short run, but also in terms of perpetuating poverty. This paper discusses the scope for extending insurance to the poor in Latin Ameri...
Innovations in Index Insurance for the Poor in Lower Income Countries
India launched the 'Rashtriya Swasthya Bima Yojana' (RSBY) health insurance scheme for the poor in 2008. Utilising 3 waves (1999-2000, 2004-05 and 2011-12) of household level data from nationally r...
Request PDF | On Jul 1, 2012, Arnab Acharya and others published Impact of national health insurance for the poor and the informal sector in low and middle-income countries: a systematic review | F...
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Cash transfers go directly to people in need, while health insurance expansions pay mainly for care that the uninsured already receive, an economist says.
This article focuses on innovation in weather insurance designed to fit the special... by providing the background for its development and the motivation for using the innovation for the poor.