Bayesian Estimates of the Regional Costs in Public Health System of the Czech Republic
Bayesian Estimates of the Regional Costs in Public Health System of the Czech Republic

Author(s): Pavla Jindrová, Kateřina Seinerová
Subject(s): Government/Political systems, Welfare systems, Health and medicine and law
Published by: Masarykova univerzita nakladatelství
Keywords: health care costs; Bayesian estimation; credibility premium; credibility factor;
Summary/Abstract: Unlike commercial insurance premiums, monthly contribution to the health insurance system depends mainly on the income of the insured person. Amount of revenue of the health insurance companies, however, should be sufficient to cover all costs, especially the cost of health care. Health care costs vary. The paper presents the process of the health care costs estimation in the regions of the Czech Republic by applying the empirical Bayesian credibility models.

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