| In recent years,due to awful health problem,increased insurance awareness and relevant policy support,the market scale of commercial health insurance has increased dramatically,but it has also exposed some difficulties,such as insufficient guarantee capacity and low compensation levels.In order to guard against the risk of serious diseases,the strength of market is as important as the strength of family,government and society.Therefore,improving the compensation level of commercial health insurance is the key to establish risk prevention mechanisms for serious diseases.This article will focus on researching the impact on the compensation level of commercial health insurance.This paper defines the compensation level of commercial health insurance as the ratio of the health insurance compensation of each year to the total health care expenditure of the current year.There is an indicator system that can affect the compensation level of health insurance based on market structure theory.The data of those indicators includes panels of 30 provinces in China.Because of quite difference among 30 provinces,the health insurance markets of 30 provinces are classified using the weighted principal component clustering method to determine the main influencing factors in different provinces.Finally,based on the above analysis,the corresponding conclusions and recommendations are obtained.The paper’s frame structure and content are as follows.First,this paper elaborates the background and significance of this paper.Starting from the lack of market prevention in serious diseases,it points out that there is a problem that commercial health insurance has a faster growth rate but a lower compensation level.The establishment of a prevention mechanism needs to rely on the common strength of the family,government,society and the market.In order to give full play to the strength of the market,it is necessary to improve the compensation level of health insurance.Therefore,it is of great practical significance to study the factors affecting the compensation level of health insurance.Then,this paper reviews the research progress on issues such as the development status of commercial health insurance,the influencing factors of compensation level,principal component analysis and cluster analysis for panel data.This chapter aim to find the theoretical support of this paper and determine the models and methods.This paper elaborates core theory,such as market structure theory,panel data regression,weighted principal component clustering,providing theoretical and methodological support for the subsequent empirical analysis.Based on market structure theory and the conclusions obtained above,an indicator system that can affect the compensation level of health insurance is constructed.This paper uses the panel data of 30 provinces in China to study the influencing factors of the compensation level of commercial health insurance,and combines the development level of health insurance in each province to determine the more important factors affecting provinces with different development levels of health insurance market.Finally,this paper summarizes the results of the previous study,and proposes corresponding policy recommendations that aim to improve the compensation level of commercial health insurance.This paper mainly uses the Herfindahl-Hirschman Index(HHI)to measure the level of competition in the health insurance market.The study finds that the compensation level of China’s commercial health insurance is related to the market structure,namely,the market environment,the behavior of business entities,and policy factor.Specifically,the market environment includes two indicators that is health insurance density and health insurance depth.The behavior of business entities includes four indicators that is the number of life insurance companies operating health insurance,the HHI value of life insurance companies,the number of property insurance companies operating health insurance,and the HHI value of property insurance companies.Policy factor includes two indicators that is major illness insurance coverage rates and personal income tax rates.The compensation level of commercial health insurance is negatively correlated with the life insurance company’s HHI value,the number of property companies,and individual income tax rate,it is an inverse U-shaped relationship with the property insurance company’s HHI value,and positively correlation with other variables.After normalizing these variables,the three principal components are extracted using the global weighted principal components and clustered using the “Comprehensive Distance” cluster.The commercial health insurance markets in the 30 provinces studied in this paper are divided into four major categories: “Leading”,“policy”,“market” and “poor”.The development level of health insurance market represented by these four categories is not the same. |
