Study On The Impact Of Commercial Health Insurance On Family Risk Financial Asset Allocation

With the improvement of family living standards and the improvement of general health awareness,China’s families have an increasingly urgent demand for medical and health security.More and more families begin to choose commercial health insurance as family health security.Through the analysis of China’s household finance micro survey data(chfs)in 2017,it is found that the families participating in commercial health insurance,The proportion of its risk financial assets is much higher than that of uninsured families.In order to explore the relationship between the two,this paper empirically draws a conclusion by using the China Household Finance micro survey data(chfs).Household insured commercial health insurance can effectively promote the allocation of risk financial assets,and promote and enhance the market participation and depth of household participation in risk financial assets.Next,when analyzing the action path of commercial health insurance on family risk financial asset investment,this paper finds that firstly,residents’ family participation in commercial health insurance reduces the overall health risk of the family,and secondly,the reduction of health risk further promotes the family to invest in risk financial assets,Therefore,the final result is that commercial health insurance significantly improves the participation of family risk financial market and risk financial assets by reducing family health risk,and strengthens the allocation behavior of family risk financial assets.The main reason is that commercial health insurance reduces the potential loss caused by health risks and reduces the uncertain risk of residents’ families.It makes the resident families have good expectations for the investment of risk financial assets,which positively encourages the resident families to allocate risk financial assets in the financial market.Based on the above research conclusions,this paper believes that China should vigorously develop commercial health insurance,give play to its role in promoting residents’ families to participate in venture financial market investment,jointly promote the development of commercial health insurance and optimize the allocation of risk financial assets of residents’ families.