The Impact Of My Country's Commercial Health Insurance On Household Consumptio

China's economy has changed from high-speed growth to high-quality growth,and the economic development is facing the problem of insufficient domestic demand.How to promote the consumption of residents under the downward pressure of China's macro-economy,establishing a stable and lasting domestic demand support for economic development and breaking the reality of high savings rate have become a hot topic in recent years.There is no final conclusion about the cause of insufficient consumption in the academic circle,but the main point is that the residents save too much to deal with the uncertainty of future expenditure.With the improvement of people's demand for medical care and the deepening of the aging of our country,the expenditure on medical and health care in our country is increasing gradually,and the residents are facing greater pressure on medical expenditure.At the same time,the design principle of "low level,wide coverage and basic protection" of social medical insurance can not comprehensively solve the phenomenon of "poverty due to illness" and "returning to poverty due to illness",and it is difficult to meet the people's demand for high-end medical and health services.The risk of medical expenditure has become one of the most important risks faced by residents.The high Preventive Savings brought by it are not conducive to the release of domestic demand and economic development.Health insurance can reduce Preventive Savings by reducing the uncertainty of future medical expenditure,so as to promote consumption.As the supplement of risk sharing and basic medical insurance,with the aggravation of population aging,in recent years,more and more governments,insurance companies and residents pay attention to commercial health insurance,which not only can further release the Preventive Savings,but also has an important significance for building a multi-level,high-level and all-round medical insurance system.In this context,in order to promote the development of commercial health insurance in China,it is necessary to study the impact of commercial health insurance on Residents' consumption.Therefore,in the framework of Dynan's(1993)preventive savings model,this paper theoretically analyzes the impact of commercial health insurance on household consumption.In the empirical part,we use the micro database of the household financial Survey(chfs)in 2017,select the tool variable group to solve the endogenous problem of the model under the two-stage least square method,and empirically study the impact of commercial health insurance on Chinese households The influence of consumption rate and consumption structure.In addition,considering the large gap between the basic medical insurance of urban and rural residents,the different effects of commercial health insurance or household savings in urban and rural areas,the sub sample regression of urban and rural areas is set;according to the different ability of different income groups to bear medical risks,the sub sample regression of family income is set;considering the medical expenditure style faced by families of different ages under the aging population Insurance is different,set the family age of sub sample regression.The empirical study shows that: Generally speaking,the participation of commercial health insurance has a significant positive effect on the consumption rate of households,and this effect is stronger than other factors.From the perspective of consumption structure,commercial health insurance can significantly increase the proportion of high-level spiritual and cultural consumption in household consumption and optimize the consumption structure;from the perspective of urban-rural differences,the positive impact of commercial health insurance on the household consumption rate of rural residents is more obvious than that of urban families;from the Perspective of income differences,the positive effect of commercial health insurance on the consumption rate of middle-income families is the most obvious;From the perspective of family age,commercial health insurance has a more significant positive impact on the consumption rate of elderly families whose members are all over 55 years old.The above results show that the risk of medical expenditure is the main risk faced by Chinese households,and it shows obvious differences in different households,which has a great impact on household consumption behavior.However,commercial health insurance plays a positive role in reducing the Preventive Savings of future medical expenditure and promoting the transformation of consumption structure,which can provide people with living water To improve the economy and realize healthy economic development provides stable power.However,the business scale of commercial health insurance is small and the coverage rate is not high.There are still many problems in its development.Commercial health insurance has not fully developed its potential.Therefore,based on the results of empirical analysis,this paper finally gives some policy suggestions: the suggestions to the government are to refine the relevant policies according to the industry pain points,one is to use tax preference to strengthen policy guidance,two is to promote the cooperation between insurance companies and public medical institutions,three is to strengthen the risk awareness of residents and crack down on the bad sales behavior of insurance companies.The suggestions for insurance companies are to seize the market demand and carry out business in a targeted way.First,they should pay attention to the rural market and seek cooperation with the new rural cooperative management agency.Second,they should pay attention to the needs of different income families and provide multi-level health insurance products.Third,they should pay attention to the health needs of the aging population and develop commercial health insurance suitable for the aging population.For individuals,we should also strengthen the cultivation of risk awareness,and use commercial health insurance to optimize family financial arrangements.The innovation of this paper is as follows: first,there is less research in the field of commercial health insurance in China,and empirical data before 2013 are mostly used.In recent years,basic medical insurance has achieved comprehensive coverage,and the development of commercial health insurance has changed a lot.This paper uses newer data to study commercial health insurance as the object,which is more suitable for the actual situation in China.Second,the selection of instrumental variables in the empirical study has made a breakthrough with the previous research.This paper selects "the coverage rate of the province where the family is located","whether the family has insured property insurance" and "whether the family has insured commercial health insurance" as the instrumental variable group to analyze,so as to improve the effectiveness of instrumental variables.Thirdly,considering the background of the aging population in China,we should distinguish the family samples according to the family age innovatively,study the medical expenditure risks faced by families of different ages and the impact on the family consumption,and combine the current aging problem in China with the development of commercial health insurance,so as to provide a new perspective and thinking for the development of commercial health insurance.