eChapter Name: Theoretical Insights: A 50-Year Journey Through Health Insurance Literature
9789372198188
eBook Name: SUSTAINABLE DEVELOPMENT GOALS, HEALTH AND EDUCATION: PRACTICES AND CHALLENGES
Introduction
Life’s unpredictability is a common thread that weaves through our experiences, prompting the use of various societal mechanisms to help us navigate the uncertainties we face (Lenhart, 2020). On a personal level, a typical strategy for managing this uncertainty includes utilizing financial instruments, commonly known as insurance (Ito & Kono, 2010). Today a diverse range of items is now eligible for insurance, encompassing aspects such as health, travel, and personal belongings, typically categorized as health, travel, and property insurance respectively. In India, the recognition of life insurance is prevalent, but with the increase in literacy and financial awareness, a growing number of individuals and families are starting to grasp the importance of health insurance (Kumar & Duggirala, 2021). Following this cause, the third goal of sustainable development that highlights the significance of ensuring and promoting healthy lives is worth mentioningtowards the effort of massification of the health insurance. By integrating finance, the third Sustainable Development Goal emphasizes a crucial initiative aimed at achieving universal health coverage for every citizen, which encompasses state health insurance for all individuals(Pauly, 1994). This initiative aims to equip citizens with the financial resilience needed to navigate an uncertain future, particularly concerning health-related challenges. In the context of health insurance frameworks, understanding the accessibility of initiatives aimed at the bottom of the pyramid is crucial for realizing universal health coverage towards achieving the SDGs’ (Pablos-Mendez, Cavanaugh, & Ly, 2016). The effectiveness of accessibility is intricately linked to the level of awareness that exists within the community. As the landscape of health insurance is ever-dynamic, understanding its intricacies will be crucial moving forward.For a thorough exploration, a researcher should have a wide-ranging grasp of the discipline, including theoretical, contextual, and methodological perspectives. Taking this into consideration, present chapter aims to explore a theoretical aspect of the review through a bibliometric analysis (Faruk, Rahman, Heliyon, & 2021, n.d.) of the literature spanning from 1984 to 2024 (Lebek, Uffen, Neumann, Hohler, & Breitner, 2014). This theoretical perspective will guide us in exploring how to reflect on the answers effectively. Theories illustrate methods for examining and establishing a structure for comprehending occurrences (Mahajan, n.d.). Furthermore, the theory clarifies how phenomena connect with the practical world, providing a distinct path and perspective for the researcher. This upcoming section will outline the reasoning behind this study, which entails performing a bibliometric analysis of the literature through the PRISMA Protocol (Moher et al., 2009), succeeded by a comprehensive text analysis of the chosen literature. The next section provides a concise overview of the theories explored within the realm of health insurance literature. This review adopts the PRISMA protocol (Moher et al., 2009) to scrutinize the articles to be included in the review. The protocol involves two phases of scrutinization, which consist of identification and screening. In the identification phase, I selected the Scopus register (Malanski, Dedieu, & Schiavi, 2021) and collected a database of 16797 articles. I gathered this database based on the “Article titles” criterion, including the keywords “Health Insurance” or “Health” and “Insurance” from 1984 to 2024, encompassing 50 years of literature. The year selection provides a timeline of the 50 years of academic scholarship related to the subset of health insurance as a research topic. After applying the language filter of English, duplication, and automation tools to this dataset, I were able to obtain 10961 articles for the subsequent screening stage. In this stage of screening, I have used the filter of subject area by selecting the subject area of Social Sciences; Business, Management, and Accounting; Decision Science; Economics, Econometrics, and Finance, which leads the collection of the 2580