Should We Replace the Universal Health Coverage with the Co-Payment Scheme?: A Theory for a Small Open Economy like Thailand

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Pongsak Thaweesatidsatean Athakrit Thepmongkol

Abstract

ABSTRACT


This paper aims to theoretically analyze pros and cons between implementing the Universal Health Coverage (UHC) and the Co-Payment Scheme (CPS) in a small open economy with the focus on Thailand by using two-period Overlapping Generations Model (OLG). The result is that as long as the public debt level is still manageable, the UHC is recommended over the CPS to countries like Thailand where people have low intertemporal elasticity of substitution as it promotes good health, GDP, consumptions, savings, and even economic stability.

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How to Cite
THAWEESATIDSATEAN, Pongsak; THEPMONGKOL, Athakrit. Should We Replace the Universal Health Coverage with the Co-Payment Scheme?: A Theory for a Small Open Economy like Thailand. วารสารเศรษฐศาสตร์และกลยุทธ์การจัดการ ( Journal of Economics and Management Strategy ), [S.l.], v. 9, n. 2, p. 21-37, dec. 2022. ISSN 2586-9744. Available at: <https://kuojs.lib.ku.ac.th/index.php/jems/article/view/4521>. Date accessed: 03 feb. 2023.
Section
บทความวิจัย (Research Article)