Social Security Development And Health Insurance Demand Nonlinear Threshold Effect Relationship Research

In recent years,the state has put forward the concept of "Healthy China",pointed out the structural problems in the insurance industry,and called for"insurance surname insurance" to bring insurance back to the basic function of protecting risks.Therefore,health insurance has developed rapidly in recent years.Although it is still small in scale,it is growing at an extremely fast rate,and the average growth rate in recent years can reach 40%.At the same time,there are few products in the health insurance market and serious homogeneity.Therefore,many insurance companies are not limited to promoting a single "health insurance",but link health insurance with other health industries to develop more new business value.High-risk insurance types,therefore,the development potential of health insurance is huge.In addition,as China enters the"new normal",China’s social security system is gradually perfecting,especially the pension reform and medical reform in the social insurance system,focusing on expanding the coverage of social insurance,and promoting medical insurance to achieve universal coverage.The endowment insurance has achieved full coverage of the labor force,which has greatly stimulated the development of China’s national economy.At the same time,it also plays an important role in curbing economic overheating,increasing the utilization rate of idle funds in the society and improving the redistribution efficiency.In general,we think that the social security system includes four aspects:social insurance,social welfare,social relief,and social benefits.It has certain overlap with insurance products such as health insurance for loss of benefits due to health reasons.There is inevitably a substitute effect between them,but social security fund expenditures will also increase the disposable income of residents and increase people’s insurance purchasing ability.Therefore,they have a complementary role in a certain sense.At the same time,according to the level of economic development in different regions,social security The strengths of the substitution and complementary effects of the level of health insurance demand are different.To clarify the relationship between the two,a variety of factors need to be considered comprehensively,and China’s current regional economic development due to the initial stage of socialism needs to be considered.The actual situation of imbalance is taken into account.Therefore,based on the non-linear assumptions that are more in line with the actual situation,this paper considers that the development of social security level has a non-linear threshold effect on the demand for health insurance.Under this framework,thirty provinces and cities in China are collected.(Except Hong Kong,Macao,Taiwan,and Tibet).The inter-provincial panel data from 2008 to 2018 set the five threshold variables of economic level,income level,aging level,education level and urbanization level,and constructed a smooth transition regression model through the panel.Five basic regressions were conducted to study the impact of social security and employment expenditure on per capita health insurance premium income under each threshold variable.After drawing the overall research results,taking into account the uneven level of regional development in China,the impact on eastern China The regional heterogeneity analysis was conducted in the central,central and western regions of China to study the impact of social security levels on health insurance demand in each region under each threshold variable,and the magnitude of the impact was compared.Studies have shown that the development of social security levels does have a non-linear threshold effect on the demand for health insurance.At the same time,under the above five threshold variables,within the range of low and high systems,social security and employment expenditures have contributed to per capita health insurance premium income.There are "substitution" or "complementary" effects.In the overall study,when the economic level,income level,and urbanization level are used as threshold variables,the social security level has a strong "substitution" effect on the demand for health insurance in its low institutional interval.The"complementary" effect is in the "complementary" effect;in the high system range,under the five threshold variables,the "complementary" effect of the level of social security on health insurance demand is stronger than the "substitute" effect that exists between the two.The subsequent analysis of regional heterogeneity was more consistent with the empirical analysis of the overall study.Similarly,under the high system of five threshold variables,the improvement of social security development levels in the three regions has a positive effect on the development of health insurance.Incentives,but under each threshold variable,the three regions have different degrees of promotion.When the economic level,aging level,and education level are used as threshold variables,the social security and employment expenditure in the central region have the most obvious promotion effect on health insurance.When the income level is used as the threshold variable,the estimated value in the western region is the largest and most significant;and under the threshold of the urbanization level,the increase in social security and employment expenditure in the eastern region has the most significant effect on promoting the demand for health insurance.There are three main innovations in this paper:one is to analyze the impact of social security on health insurance demand;the other is to set threshold variables to analyze the relationship between social security and health insurance based on panel smooth transition regression model;Based on the non-linear hypothesis,explore the relationship between social security development and the demand for health insurance.