The Impact of Participating Commercial Medical Insurance on the Household Consumption of the Middle-Aged and Elderly: An Empirical Analysis Based on CHARLS Data

Abstract

Abstract: Based on the CHARLS data of the two issues of 2013 and 2015, this paper employs the PSM-DID method to conduct an empirical analysis of the impact of participating commercial medical insurance on the household consumption of the middle-aged and elderly. The results show that, on the basis of basic medical insurance, to participate in commercial medical insurance can reduce the family medical expenses and effectively stimulate the non-medical consumption of the middle-aged and elderly families. The findings of a sample heterogeneity analysis show that participating in commercial medical insurance can not only effectively reduce the medical expenditure of the families with poor health, but also stimulate the non-medical consumption of the rural and elderly families. Based on the empirical results, this paper puts forward some countermeasures and suggestions, such as building a multi-level medical insurance system, exploring the combination of commercial medical insurance and poverty alleviation, and developing diversified commercial medical insurance products, etc..

Key words: the middle-aged and elderly families, consumption, commercial medical insurance, PSM-DID Model

CLC Number:

F840.613

BIAN Shu, LI Dong-yang. The Impact of Participating Commercial Medical Insurance on the Household Consumption of the Middle-Aged and Elderly: An Empirical Analysis Based on CHARLS Data[J]. Journal of Jiangxi University of Finance and Economics, 2021, 0(1): 68-79.

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