The Impact Of Household Financial Vulnerability On The Demand For Commercial Health Insurance

Family financial vulnerability is a comprehensive indicator of the level of family risk.It is to measure the level of consumption and benefits when a family is impacted by unexpected impact.This vulnerability specifically manifested in the study of family members in this study.As a means of transfer risk,commercial health insurance can reduce the family’s economic fluctuations caused by health risks to a certain extent,ensuring that residents can maintain normal living standards when they are impacted by unexpected impact.It also promotes social stability at the same time.Therefore,the article focus on the perspective of health risks,exploring the relationship between family economic fragility and commercial health insurance needs.This article is based on the financial vulnerability of family financial fragility that considers the death factors built by Lin and Grace(2007),and try to incorporate health factors into the construction of family financial fragile indicators.Using the principle of the Malcov chain,based on the medical expenditure costs of residents’ families in the past year and the health of the family,the health state changes and medical expenditures of family members in the next year through the state transfer matrix,and then measure the health risks of a family.Establish a new family economic fragile indicator.In empirical research,this article is based on the CHFS2019 database.Two-part model are used to carry out the research of this article.The return of home financial fragility and whether the family holds commercial health insurance and commercial health insurance through logit and OLS regression respectively.Payment relationship.The results of the study show that family financial fragility will curb the holding of family commercial health insurance,but it will promote the payment amount of commercial health insurance.The analysis also found that residents’ education level,total household assets,annual income,stocks and savings can all improve the performance of domestic commercial health insurance holdings.The real estate has a extrusion effect on commercial health insurance.Finally,some insurance advice was provided to family decision makers,and also give some suggestions to the insurance companies including design and accurately market the differences of different vulnerable families.And government should build a multi-level medical and health security system to improve the level of medical and health security.