Willingness to pay for health insurance in the informal sector of Sierra Leone

PloS One
Mireia Jofre-Bonet, Joseph Kamara

Abstract

The objective of this project is to study the willingness to pay (WTP) for health insurance (HI) of individuals working in the informal sector in Sierra Leone, using a purposely-designed survey of a representative sample of this sector. We elicit the WTP using the Double-Bounded Dichotomous Choice with Follow Up method. We also examine the factors that are positively and negatively associated with the likelihood of the respondents to answer affirmatively to joining a HI scheme and to paying three different possible premiums, to join the HI scheme. We additionally analyze the individual and household characteristics associated with the maximum amount the household is willing to pay to join the HI scheme. The results indicate that the average WTP for the HI is 20,237.16 SLL (3.6 USD) per adult but it ranges from about 14,000 SLL (2.5 USD) to about 35,000 SLL (6.2 USD) depending on region, occupation, household and respondent characteristics. The analysis of the maximum WTP indicates that living outside the Western region and working in farming instead of petty trade are associated with a decrease in the maximum premium respondents are WTP for the HI scheme. Instead, the maximum WTP is positively associated to being a driver or a ...Continue Reading

Citations

Jan 8, 2021·International Journal for Equity in Health·Ochirbat Batbold, Christy Pu
Mar 23, 2021·TheScientificWorldJournal·Feleku Mekonnen DegieFentaw Wassie Feleke
Jan 15, 2022·Journal of Comparative Effectiveness Research·Maria José Labis da CostaIsabella Piassi Dias Godói

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