“How Could I Choose My Health Insurance Plan” Determinants of Employer-Sponsored Health Insurance Plan Selection: Application of Machine Learning Technique

Author(s):  
Yi Zhang ◽  
Jia Yu
Author(s):  
Jan Abel Olsen

This chapter seeks to explain why most people prefer to have a health insurance plan. Two types of uncertainty give rise to the demand for financial protection: people do not know if they will ever come to need healthcare, and they do not know the full financial implications of illness. Health insurance would take away—or at least reduce—such financial uncertainties associated with future illnesses. A model is presented to show the so-called welfare gain from health insurance. This is followed by an investigation into the potential efficiency losses of health insurance, due to excess demand for services. In the last section, a different efficiency problem is discussed: when people have an incentive to signal ‘false risks’, this can lead to there being no market for insurance contracts which reflect ‘true risks’.


Atmosphere ◽  
2020 ◽  
Vol 11 (1) ◽  
pp. 111 ◽  
Author(s):  
Chul-Min Ko ◽  
Yeong Yun Jeong ◽  
Young-Mi Lee ◽  
Byung-Sik Kim

This study aimed to enhance the accuracy of extreme rainfall forecast, using a machine learning technique for forecasting hydrological impact. In this study, machine learning with XGBoost technique was applied for correcting the quantitative precipitation forecast (QPF) provided by the Korea Meteorological Administration (KMA) to develop a hydrological quantitative precipitation forecast (HQPF) for flood inundation modeling. The performance of machine learning techniques for HQPF production was evaluated with a focus on two cases: one for heavy rainfall events in Seoul and the other for heavy rainfall accompanied by Typhoon Kong-rey (1825). This study calculated the well-known statistical metrics to compare the error derived from QPF-based rainfall and HQPF-based rainfall against the observational data from the four sites. For the heavy rainfall case in Seoul, the mean absolute errors (MAE) of the four sites, i.e., Nowon, Jungnang, Dobong, and Gangnam, were 18.6 mm/3 h, 19.4 mm/3 h, 48.7 mm/3 h, and 19.1 mm/3 h for QPF and 13.6 mm/3 h, 14.2 mm/3 h, 33.3 mm/3 h, and 12.0 mm/3 h for HQPF, respectively. These results clearly indicate that the machine learning technique is able to improve the forecasting performance for localized rainfall. In addition, the HQPF-based rainfall shows better performance in capturing the peak rainfall amount and spatial pattern. Therefore, it is considered that the HQPF can be helpful to improve the accuracy of intense rainfall forecast, which is subsequently beneficial for forecasting floods and their hydrological impacts.


Author(s):  
Fahad Taha AL-Dhief ◽  
Nurul Mu'azzah Abdul Latiff ◽  
Nik Noordini Nik Abd. Malik ◽  
Naseer Sabri ◽  
Marina Mat Baki ◽  
...  

2021 ◽  
Author(s):  
Alexandre Oliveira Marques ◽  
Aline Nonato Sousa ◽  
Veronica Pereira Bernardes ◽  
Camila Hipolito Bernardo ◽  
Danielle Monique Reis ◽  
...  

2021 ◽  
Vol 1088 (1) ◽  
pp. 012030
Author(s):  
Cep Lukman Rohmat ◽  
Saeful Anwar ◽  
Arif Rinaldi Dikananda ◽  
Irfan Ali ◽  
Ade Rinaldi Rizki

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