Research On The Impact Of Basic Medical Insurance On Residents’ Consumption Structure

At present,with the end of the epidemic prevention and control,China is in an important period of economic recovery,growth and development.The importance of consumption,investment and import and export to promote economic growth is self-evident.According to the available data,in the past six years,consumption has been playing a major role in driving China’s economic growth.In 2022,consumption will contribute 64.6%to the economic growth.In this case,the initiative to study and understand the consumption structure of households,and put forward specific measures to stimulate consumer demand,to solve the current slow recovery of domestic economy,the successful construction of domestic and international dual-cycle development pattern is the key.At present,Chinese residents household consumption pattern and consumption structure improve gradually.The overall trend is a transition from subsistence consumption demands to development sharing consumption demands,for culture and education entertainment,fitness beauty and other aspects of development sharing consumption expenditures gradually increase,and gradually occupy the dominant position in the proportion of family consumption expenditures.In this case,how to adapt to the transformation trend of residents’consumption pattern and guide it correctly becomes the key factor to ensure the steady development of economy in the new era.As mentioned in the report,we need to build a new development pattern,promote high-quality development,realize the deep integration of expanding domestic demand and supply-side structural reform,strengthen the internal driving force of China’s great cycle,and maintain sound and fast growth of the domestic economy.From this point of view,it is of great strategic and practical significance for this paper to study the factors affecting the consumption structure at the micro level of family and put forward countermeasures accordingly.The implementation of social insurance system is an important measure to ensure that social welfare benefits all the people.Its importance is reflected in that when citizens encounter risks and suffer losses,it can help citizens to disperse risks and reduce losses to the greatest extent,and provide the most basic social security mechanism and risk diversification protection.As a part of the social insurance system,basic medical insurance can effectively help the insured to disperse the possible losses caused by health risks and play an important role in protecting national health^[1-2].Since basic medical insurance is an important part of the social security system,as well as an important means to protect national health and alleviate the risk of residents’medical expenses,can residents’participation in basic medical insurance improve the household consumption structure?What is the mechanism by which basic medical insurance affects household consumption structure,especially the development of enjoyable consumption expenditure?What is the heterogeneity of the impact of basic medical insurance on residents’consumption structure between urban and rural areas,between different per capita income levels,and among the differences in education level?The answers to the above questions are very important for accelerating the improvement of the basic medical insurance system,improving the promoting role of the basic medical insurance in the upgrading of consumption and realizing the transformation of the driving force of economic growth.In order to answer the above questions,this paper combs corresponding theoretical literature,makes theoretical analysis,and analyzes the specific circumstances of the impact of basic medical insurance on family consumption structure from the perspective of the correlation between the two.Then,according to the relevant data investigated in the China Family Tracking Survey Database（CFPS）,This paper empirically studies the relationship between basic medical insurance and residents’consumption structure by using time and individual dual fixed effect model,and explores the two influencing mechanisms of reducing residents’precautionary savings and enhancing family financial freedom.Secondly,it further discusses the heterogeneity of basic medical insurance on different types of families（urban and rural,income,education level）.Finally,it puts forward some countermeasures and suggestions on how to improve the family consumption structure by exerting basic medical insurance.