University of International Business and Economics Researcher Releases New Data on Health Insurance (Research on the Effect of Commercial Health Insurance Development on Economic Efficiency): Health Insurance

2023 APR 03 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on health insurance. According to news reporting out of Beijing, People’s Republic of China, by NewsRx editors, research stated, “In the process of comprehensively promoting the construction of a multi-level medical security system in China, it is very important to clarify the impact of commercial health insurance.”

Funders for this research include Ministry of Education; General Project of National Natural Science Foundation of China.

The news journalists obtained a quote from the research from University of International Business and Economics: “In order to better promote the development of commercial health insurance, we explore the effect of commercial health insurance development on economic efficiency. Theoretical analysis shows that, in addition to providing health risk protection for residents, commercial health insurance can also promote the coordinated development of the health industry chain, promote risk reduction, accumulate capital, and contribute to high-quality economic development. Empirically, this study indexes a commercial health insurance development index that is more in line with China’s development reality. In addition, this study compiles the economic efficiency index from the three dimensions of economic development basis, social benefits and industrial changes. We measure the commercial health insurance development index and economic efficiency index in 31 regions from 2007 to 2019, and further econometric analysis is carried out on this basis. It is found that the development of commercial health insurance can promote economic efficiency, and this result is robust.”

According to the news reporters, the research concluded: “Meanwhile, the impact of commercial health insurance on economic efficiency is restricted by the economic environment itself, and the more developed the economy is, the more obvious this effect will be. Therefore, the development of commercial health insurance will significantly benefit the construction of China’s multi-level medical security system and promote regional economic efficiency.”

For more information on this research see: Research on the Effect of Commercial Health Insurance Development on Economic Efficiency. International Journal of Environmental Research and Public Health, 2023,20(6). (International Journal of Environmental Research and Public Health - http://www.mdpi.com/journal/ijerph). The publisher for International Journal of Environmental Research and Public Health is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/ijerph20065178.

Our news editors report that additional information may be obtained by contacting Tongpu Zhao, School of Insurance and Economics, University of International Business and Economics, Beijing 100029, People’s Republic of China. Additional authors for this research include Ruiyun Wanyan, Lingyan Suo.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the author of this research: Ruiyun Wanyan (http://orcid.org/0000-0001-9208-0412).

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