Study Findings from Guangdong University of Foreign Studies Broaden Understanding of Economic Analysis and Policy (The Effect of Public Insurance Policy On the Private Insurance Market: New Evidence From a Quasi-experiment In China): Economics – Economic Analysis and Policy

2023 JUL 07 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on Economics - Economic Analysis and Policy. According to news reporting originating from Guangzhou, People’s Republic of China, by NewsRx correspondents, research stated, “Analyzing the net social welfare of a public health insurance policy necessitates an accurate estimation of its impact on the private health insurance market. This paper presents new evidence of the effect of public health insurance on private health insurance market by exploiting a quasi-experiment of Urban Resident Basic Medical Insurance (URBMI) in China.”

Financial supporters for this research include National Natural Science Foundation of China (NSFC), National Office of Philosophy and Social Sciences, Ministry of Education, China.

Our news editors obtained a quote from the research from the Guangdong University of Foreign Studies, “Our findings indicate that the implementation of URBMI has no significant effect on the aggregated private health insurance market. However, upon dividing the private health insurance market into medical and illness insurance markets, we observe a significant crowding-out effect of URBMI on the former but not the latter. This finding may help explain the mixed results in the literature, which typically lumps all segments of private health insurance markets together.”

According to the news editors, the research concluded: “In terms of the possible channels, we find that the crowding-out effect of public health insurance on private health insurance is through lowering the cost of health services, raising the accessibility to health services or reducing health risks.”

This research has been peer-reviewed.

For more information on this research see: The Effect of Public Insurance Policy On the Private Insurance Market: New Evidence From a Quasi-experiment In China. Economic Analysis and Policy, 2023;78:937-953. Economic Analysis and Policy can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands.

The news editors report that additional information may be obtained by contacting Yugang Ding, Guangdong University of Foreign Studies, School of Finance, Guangzhou 510006, People’s Republic of China. Additional authors for this research include Hua Chen, Yifei Yang and Xiangnan Wang.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.eap.2023.04.031. 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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