Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

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Analysis on the Influencing Factors of Demand for Commercial Health Insurance

Authors
Xiaohan Wang1, *
1City University of Hong Kong, Hong Kong, China
*Corresponding author. Email: xwang2447-c@my.cityu.edu.hk
Corresponding Author
Xiaohan Wang
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_8How to use a DOI?
Keywords
Commercial health insurance; Insurance demand; Influencing factors; Suggestions; OLS; Regression analysis
Abstract

The Healthy China strategy has made the concept of health increasingly popular and also promoted the progress of China’s insurance industry, especially the development of health insurance. However, the comprehensive development level of China’s commercial health insurance industry is still far behind that of developed countries, and there is still a long way to go for China’s insurance industry. This essay focuses mostly on the affecting factors of the demand for commercial health insurance. The explained variable in this paper is the premium income of China’s commercial health insurance, and its influencing factors the per capita disposable income of urban residents, the proportion of government medical and health expenditure in fiscal expenditure, the insurance depth, the aging rate, and the urbanization rate are set as the explanatory variables, and a regression model is established. The empirical study demonstrates that the commercial health insurance premium income is positively correlated with per capita disposable income of urban residents and insurance depth, and negatively correlated with the proportion of government medical and health expenditure in fiscal expenditure. Finally, this paper concludes with some useful policy suggestions.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
978-94-6463-142-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_8How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaohan Wang
PY  - 2023
DA  - 2023/05/15
TI  - Analysis on the Influencing Factors of Demand for Commercial Health Insurance
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 68
EP  - 77
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_8
DO  - 10.2991/978-94-6463-142-5_8
ID  - Wang2023
ER  -