Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Consumer Expenditure Surveys
PRINT:Print
CE CES Program Links

Consumption Symposium: Broadening Our Understanding of Household Consumption and Measurement, September 22-23, 2021

Health Insurance (PDF)

Kevin Corinth - University of Chicago - kcorinth@uchicago.edu

While the importance of health insurance for well-being is widely recognized, there is less agreement on how to incorporate health insurance into a consumption measure. After arguing that health insurance, rather than health expenditures, is the proper resource to add to consumption, I outline an approach for incorporating a value of health insurance. I describe which health-related elements should be added to the consumption measure, the data sources that can be used to measure these elements, and methods to estimate a market value of health insurance for different individuals and insurance types. I then discuss considerations that should be informed by the purposes of a particular consumption measure, including whether to adjust health insurance values based on disability status, whether to adjust downward the value of health insurance for lower-income individuals, and whether to apply a different equivalence scale to health insurance than to other elements of consumption.

 

Last Modified Date: November 10, 2021