Table 3: The estimation results for the determinants of the WTP.
| Variable |
WTP2
|
HI3 |
| C |
412353.5
(2.92)* |
-0.42
(-0.47) |
| Age |
-1363.71
(-0.51) |
0.00
(0.04) |
| Edu |
-30777.01
(-1.37) |
0.032
(0.22) |
| Empl |
-42366.57
(-1.24) |
-0.44
(-1.99)** |
| Gnder |
6209.37
(0.17) |
0.28
(1.17) |
| Inc |
262893.17
(7.91)* |
1.01
(4.19)* |
| Ls |
56196.17
(1.44) |
0.56
(2.18)** |
| Statf |
-270469.0
(-4.46)* |
-1447232
(-3.18)** |
| Time |
31831.48
(0.81) |
0.09
(-0.38) |
| Ne |
99136.32
(2.06)** |
0.59
(1.89)*** |
|
R Squared 0.43
F statistic 15.87
Prob (F statistic) 0.00 |
McFad R Squared 0.23
LR statistic 62.32
Prob (LR statistic) 0.00 |
* denotes significance at α = 1%
** denotes significance at α = 5%
*** denotes significance at α = 10%
|
1Mean Arterial Pressure (MAP) is the average blood pressure in an individual. Hypertension or high blood pressure is a chronic cardiac medical condition in which the systemic arterial blood pressure increases. It means that the heart has to work harder than it should to pump blood throughout the body. MAP can be measured as ((2xDP) + SP) / 3 (Wikipedia.com)
2WTP variable indicates the magnitude of the maximum value an individual is willing to pay each month for health insurance premiums that cover one hundred percent of health care costs.
3HI variables indicate individuals’ decisions to purchase of health insurance. HI = 1 if the value of the bidding on the Rp500.000,00 (buy health insurance); HI = 0 if the value is less than Rp500.000,00 bidding (do not buy health insurance).