New Insurance Findings from Shandong University of Science and Technology Discussed (Marginal Contribution of the Health Input of Human Capital for Intelligent Strategic Layout of Medical Insurance): Insurance

Insurance Daily News

2023 NOV 08 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on Insurance. According to news originating from Shandong, People’s Republic of China, by NewsRx correspondents, research stated, “Extensive mode of economic development has brought serious threat to residents’ health, the health human capital input’s positive effect on economic growth has been questioned. When calculating the GDP, the explicit cost of the resources should not only be considered, but also the health implicit cost.”

Our news journalists obtained a quote from the research from the Shandong University of Science and Technology, “This paper constructs the group panel SVAR system with interaction effects to measure the contribution margin and dynamic trend of the human capital’s health input in different urban and rural regions of China. The results show that the health GDP path in the eastern region is around 1.7% lower than the real path, while most contribution margin of the health input are negative in the central and western regions, and the health GDP is about 4% higher than the real path. The health GDP path in the rural middle region is about 2.1% lower than the real path, while the health GDP path in the western and eastern China is about 2.7% higher than the real path. Institutional changes has showed competitiveness in improving the health between urban and rural areas, especially before 2009, suggesting that although the new health care reform policies proposed in 2009 are effective, the supply of social health care system is still relatively insufficient. The excessive loss of residents’ health has had a negative impact on economic growth in some regions. In addition, the competition of medical security in urban and rural areas requires the supplement of commercial medical insurance.”

According to the news editors, the research concluded: “Therefore, government departments and insurance companies can carry out the regional layout of insurance industry based on the empirical results of this paper and the intelligent optimization algorithm.”

This research has been peer-reviewed.

For more information on this research see: Marginal Contribution of the Health Input of Human Capital for Intelligent Strategic Layout of Medical Insurance. Information Systems and e-Business Management, 2023;21:3-3. Information Systems and e-Business Management can be contacted at: Springer Heidelberg, Tiergartenstrasse 17, D-69121 Heidelberg, Germany. (Springer - www.springer.com; Information Systems and e-Business Management - http://www.springerlink.com/content/1617-9846/)

The news correspondents report that additional information may be obtained from Huahua Li, Shandong University of Science and Technology, Coll Finance & Econ, Tai An 271000, Shandong, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s10257-020-00478-0. 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.