Response toward Public Health Policy Ambiguity and Insurance Decisions

TL;DR

This paper examines how ambiguity in public health policies during COVID-19 influences insurance purchasing behavior, revealing increased willingness to pay among sensitive and income-disrupted groups, offering new insights into pandemic policy impacts.

Contribution

It provides novel analysis of the effects of COVID-19 policy ambiguity on insurance decisions, highlighting increased willingness to pay among vulnerable groups.

Findings

Sensitive groups' WTP is 12.2% above benchmark

Income-disrupted groups are more affected

Offers new perspectives on pandemic policy effects

Abstract

Adjustments to public health policy are common. This paper investigates the impact of COVID-19 policy ambiguity on specific groups' insurance consumption. The results show that sensitive groups' willingness to pay (WTP) for insurance is 12.2% above the benchmark. Groups that have experienced income disruptions are more likely to suffer this. This paper offers fresh perspectives on the effects of pandemic control shifts.