Comparison of Bayesian estimates of health care costs fot Czech and Sovakian insurance companies

Show simple item record Jindrová, Pavla Seinerová, Kateřina 2016-09-21T08:11:24Z 2016-09-21T08:11:24Z 2016
dc.identifier.issn ISSN 1211-555X (Print)
dc.identifier.issn ISSN 1804-8048 (Online)
dc.description.abstract 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 Buhlmann-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 Buhlmann-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. eng
dc.format p. 48-59 eng
dc.language.iso eng
dc.publisher Univerzita Pardubice cze
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 37/2016 eng
dc.rights open access eng
dc.subject credibility model eng
dc.subject Bayesian estimation eng
dc.subject Bühlmann-Straub model eng
dc.subject health insurance eng
dc.subject health insurance companies eng
dc.title Comparison of Bayesian estimates of health care costs fot Czech and Sovakian insurance companies eng
dc.type Article eng
dc.peerreviewed yes eng
dc.publicationstatus published eng
dc.identifier.scopus 2-s2.0-84988495420
dc.subject.jel C11
dc.subject.jel C22
dc.subject.jel G22

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