The Empirical Analysis On The Influential Factors Of The Development Demand Of Commercial Health Insurance In China

With the development of the economy and the improvement of the people's living standards,the commercial health insurance in China has also been developed,especially in the recent 10 years.Despite the good momentum of development,the overall development scale of China's commercial health insurance is still small and the level is relatively low,and the potential demand of commercial health insurance in China is lower than that of actual demand.This indicates that there is still much room for development of commercial health insurance in China.Therefore,it is of great theoretical and practical significance to study the influencing factors of the development demand of commercial health insurance in China.This paper uses the panel data model,selected from 2007 to 2016 the country's 31 provinces,municipalities and autonomous regions of the data,the explanatory variables for urban residents per capita disposable income of urban residents per capita healthcare expenditure,fiscal expenditure per capita health expenditure,urbanization level,the elderly population,fiscal expenditure on education.The explanatory variable is the growth rate of the original premium income of commercial health insurance.Through theoretical analysis and empirical analysis,it is concluded that the main factors that affect the development of commercial health insurance are the disposable income per capita,the per capita health expenditure,the level of urbanization,and the number of elderly people.Finally,the suggestions are put forward from the government and the insurance companies.Insurance companies should improve the development ability of commercial health insurance products,strengthen cooperation with governments,and actively participate in the construction of new medical reform,and also increase the training of talents.The government should strengthen the supervision,improve the relevant laws and regulations related to the commercial health insurance,and improve the residents' awareness of the insurance of commercial health insurance.