MILK Brief #12 - Doing the Math in Karnataka, India

Description: 

This study investigates the financial value of a health microinsurance product offered to clients of the microfinance institution Grameen Koota in India. Families that recently suffered one of several similar illnesses resulting in hospitalisation were interviewed, and the study found that insured respondents had substantially lower direct hospital expenditures than uninsured patients. However, the relative benefit of the insurance becomes less apparent when other associated costs are taken into account, including indirect expenses and in particular, opportunity costs. The findings suggest that the product may not have greatly reduced the financial burden of illness on insured households, but may have increased access to high quality private health care services to a group that was otherwise unlikely to use these services.

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Author: 

Barbara Magnoni, Taara Chandani, Emily Zimmerman

Published by: 

  • Other

Publisher: 

MicroInsurance Centre

Number of pages: 

10

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