Guangdong University of Finance and Economics Reports Findings in Science (The Impact of Long-Term Care Insurance on Medical Utilization and Expenditures: Evidence from Jingmen, China): Science

2022 OCT 21 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Science is the subject of a report. According to news originating from Guangzhou, People’s Republic of China, by NewsRx correspondents, research stated, “The purpose of this study was to evaluate the impact of long-term care insurance (LTCI) on medical utilization and expenditures in Jingmen, a pilot city of China. The propensity score matching-difference in difference (PSM-DID) approach was employed to examine the expenses and frequency of inpatient and outpatient services before and after the implementation of the LTCI based on the 2015-2018 panel data from the China Health and Retirement Longitudinal Study (CHARLS).”

Our news journalists obtained a quote from the research from the Guangdong University of Finance and Economics, “The results showed that the annual expenditure and frequency of the inpatient services of Jingmen residents were reduced by 1923 Yuan (287.0 USD) and 0.24 times, respectively. The impact of the LTCI varied between urban and rural areas. The annual expenditure and frequency of inpatient services in rural areas were reduced by 1600 Yuan (238.8 USD) and 0.30 times, which were lower than those (3400 Yuan (507.5 USD) and 0.20 times) in urban areas. The monthly outpatient expenses and frequency in rural areas were reduced by 300 Yuan (44.8 USD) and 0.14 times, but increased by 555 Yuan (82.8 USD) and 0.07 times in urban area. The findings indicated that the implementation of the LTCI can reduce the medical utilization and expenses, and it had a greater effect in rural areas than in urban areas.”

According to the news editors, the research concluded: “It is suggested to promote the LTCI nationwide, and more policy preference should be given to the development of the LTCI in rural areas.”

For more information on this research see: The Impact of Long-Term Care Insurance on Medical Utilization and Expenditures: Evidence from Jingmen, China. International Journal of Environmental Research and Public Health, 2022;19(19):12275. International Journal of Environmental Research and Public Health can be contacted at: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

The news correspondents report that additional information may be obtained from Jiaxin Liao, Institute of New Development, Guangdong University of Finance and Economics, Guangzhou 510320, People’s Republic of China. Additional authors for this research include Xueqin Deng, Rong Peng and Jiahao Chen.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3390/ijerph191912275. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

The publisher’s contact information for the International Journal of Environmental Research and Public Health is: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

(Our reports deliver fact-based news of research and discoveries from around the world.)