New Findings from Peking University in the Area of Economic Modelling Reported (Quantitative Analysis of Health Insurance Reform In China: Pure Consolidation or Universal Health Insurance?): Economics – Economic Modelling

2021 OCT 07 (NewsRx) -- By a News Reporter-Staff News Editor at Health Policy and Law Daily -- Investigators discuss new findings in Economics - Economic Modelling. According to news reporting originating from Beijing, People’s Republic of China, by NewsRx correspondents, research stated, “We quantify the macroeconomic and welfare effects of a social health insurance reform that occurred in China in 2016 using a two-sector model with endogenous rural-to-urban migrant workers. The calibrated model mimics the rural-to-urban migration and rural-urban wage gap from 2007 through 2016.”

Our news editors obtained a quote from the research from Peking University, “We find that the health insurance reform depresses rural-to-urban migration and leads to reallocation of labor and capital in both the rural and urban sectors. As the result, we find that the consolidation of premium and reimbursement expands the rural-urban wage gap by approximately 6.8% but universal health insurance coverage narrows the rural-urban wage gap by approximately 0.9%.”

According to the news editors, the research concluded: “Keeping the government deficit unchanged, the welfare results favor universal health insurance relative to pure consolidation.”

This research has been peer-reviewed.

For more information on this research see: Quantitative Analysis of Health Insurance Reform In China: Pure Consolidation or Universal Health Insurance? Economic Modelling, 2021;101:105550. Economic Modelling can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Economic Modelling - http://www.journals.elsevier.com/economic-modelling/)

The news editors report that additional information may be obtained by contacting Hanyang Wang, Peking University, School of Economics, Beijing 100871, People’s Republic of China. Additional authors for this research include Kun Cui and Bo Li.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.econmod.2021.105550. 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.

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