Research On The Influence Of Commercial Health Insurance On Residents’ Well-being

Report to the 20 th CPC National Congress of the Party pointed out that the Party and the state should enhance people’s well-being,improve people’s quality of life,and make people’s sense of security and happiness more substantial,secure and sustainable.Happiness has become an important index to evaluate people’s better life,and how to improve residents’ happiness has become an important livelihood issue that the party and the country urgently need to solve.The residents’ sense of happiness is based on the sense of security and access.If the residents’ sense of security and access is improved,the residents’ sense of happiness will also be improved.A sound multi-level social security system that covers the whole people,integrates urban and rural areas,is fair and unified,safe and standardized,and sustainable can improve the ability to cope with risks,and thus can improve residents’ sense of security,access,and happiness.As an important part of China’s social security system,commercial health insurance can make up for the low coverage and limited level of social security,playing an indispensable complementary role.Based on this,this paper discusses the influence of commercial health insurance on residents’ happiness from the perspective of commercial health insurance,which has important practical significance.In order to study the impact of commercial health insurance on residents’ well-being,this paper first analyzes it from the theoretical level.After combing the relevant research at home and abroad,defining the relevant concepts,elaborating the theoretical basis of the research,and analyzing the development status of commercial health insurance and residents’ happiness,we found that: the development of commercial health insurance in China is still imperfect,and residents’ participation rate is low;The happiness of Chinese residents has been slowly improved,which is still in the middle level in the world.Then,on this basis,an empirical analysis is carried out.This paper selects the data of 2019China’s household finance survey,uses residents’ happiness as the explained variable,takes commercial health insurance as the independent variable,uses the existing literature for reference,introduces basic personal characteristics,family level and social level factors as the control variables,and constructs ordered probit and OLS models for empirical analysis.The empirical analysis of this paper is as follows: First,we use the ordered probit model and the OLS model to make a benchmark regression,and then verify the role of income level in the promotion of residents’ well-being by commercial health insurance.Finally,we conduct a heterogeneity analysis.In addition,In order to solve the problem of selection bias and missing variables,this paper uses the tendency score matching method to test the robustness to improve the reliability of the results.Through theoretical analysis and empirical analysis,this study finds that: first,commercial health insurance has a significant positive impact on residents’ well-being.Second,the impact of commercial health insurance on residents’ well-being is heterogeneous.The basic personal characteristics,family characteristics and social characteristics of residents will have an impact on their purchase of commercial health insurance to enhance their sense of happiness.The purchase of commercial health insurance by residents of different groups has different effects on the improvement of residents’ happiness.This paper mainly discusses age,social security,urban-rural and marital status differences.We conclude that for young people,middle-aged people,people with low social security,rural and Married residents,commercial health insurance has a more obvious effect on their happiness.Third,further analysis found that commercial health insurance can effectively improve the income level of residents.Residents’ purchase of commercial health insurance can promote their happiness by affecting their income level.Therefore,in order to give full play to the role of commercial health insurance in promoting residents’ happiness,we should strengthen policy support for commercial health insurance,improve residents’ insurance awareness,promote green,healthy and sustainable development of commercial health insurance,and then promote residents’ happiness.