Comparison of Bayesian estimates of health care costs for Czech and Slovakian insurance companies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39901488" target="_blank" >RIV/00216275:25410/16:39901488 - isvavai.cz</a>

Result on the web

<a href="https://download.upce.cz/fes/scipap/SciPap_37.pdf" target="_blank" >https://download.upce.cz/fes/scipap/SciPap_37.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Comparison of Bayesian estimates of health care costs for Czech and Slovakian insurance companies

Original language description

This paper presents an application of the Bayesian inference to estimate health care expenses by health insurance companies in the Czech Republic and Slovakia. In particular, the Bühlmann-Straub model is applied onto real data, covering time period 2010-2015, from all seven Czech and three Slovakian health insurance companies in order to calculate the credible health care costs per person and the corresponding credibility factors for each company. Computed credible health care costs per person are compared with the real estimations of health care costs per person quoted by analyzed health insurance companies. These real estimates are not available for all the Slovakian health insurance companies and two Czech health insurance companies. The results of Bühlmann-Straub model show that while the largest insurance companies can reliably predict the health care costs for the subsequent time period based on its own statistical data, the smaller companies can find out credible estimation of health care costs per person, taking into account data from all comparable healthcare insurance companies.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BB - Applied statistics, operational research

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Volume of the periodical

23

Issue of the periodical within the volume

37/2016

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

48-59

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84988495420