Study On The Influencing Factors And Countermeasure Of Financing Demand Of Poor Patients

As the world's largest developing country,China still has a large number of poor people in rural areas,which not only restricts the economic development of rural areas,but also affects the realization of a well-off society in an all-round way.Because of their low level of incomes,often when a family member is ill,and expenditures such as health care have increased dramatically,poor people may have financing needs,but they have difficulty accessing loans from formal financial institutions,so many of them will choose informal financing.But the informal financing often cannot plug their financing gap.For the poor,it's difficult to lift out of poverty and change their own situation.Therefore,it is of great significance to study the financing needs of the poor and the influencing factors so as to help the poor people get rid of poverty from the perspective of Financial Inclusion.There are many reasons why people fall into poverty.At present,there are few researches on the financing needs of poor people and how to lift them out of poverty through Financial Inclusion.This thesis based on a household survey conducted in July 2017 in Xiao li Zhuang,an AIDS village in Central Plains,and obtains data through questionnaire survey,then studies the influencing factors of financing needs of special disease population in high-incidence AIDS epidemic areas.Finally,this paper studies how to help the poor and sick through micro-loans to achieve precise poverty alleviation from perspective of Financial Inclusion.Based on the household survey of a typical village in the key AIDS epidemic area of Central Plain,micro-financial data of nearly 200 local rural households had been collected.Through the analysis of the sample data,it is found that local farmers mainly solve their financing needs through informal financing,and only a few of them through bank loans Therefore,the existence of informal financing behavior can explain the financing needs of farmers.The empirical analysis of this paper takes "whether there is informal financing(borrowing / lending)" as the explained variable and "whether there is AIDS patient in the family" as the core explanatory variable for multiple regression,families with AIDS patients were found to be more likely to participate in informal financing and to be more likely to borrow than lend.At the same time,the main job,gender and marital status of the head of the household have a significant impact on the informal financing(borrowing)behavior,that is,farmers and women have a greater demand for financing,and married people have a greater demand for financing than others.In addition,literacy and annual household income have a significant positive impact on informal financing behavior,that is,farmers with higher education and annual household income are more likely to lend money to others.And household number and lending behavior are negative,that is,the larger the number of households,the less likely they are to lend.What's more,data from the Chinese Family Panel Studies(CFPS)conducted at Peking University were used for comparative analysis.According to whether the family health care expenditure is more than 5000 yuan,this paper divides the original data into the "health impact" families and not suffered "health impact" families.A study of people suffering from "health shock" found that health care expenditure and health status also had a significant impact on informal financing.And the worse your health is and the more you spend on health care,the more you engage in informal financing,this is consistent with previous research.In addition,it's found that social network resources have a significant positive impact on both informal financing and bank loans,that is,the more social resources they have,the more they will participate in informal financing and formal financing through banks.For the explanatory variable of bank loans,this paper finds that the economic characteristics of the variables have a more significant impact,such as total household expenditure,household net real estate and business income have a significant positive impact,but total value of cash and deposit,household net assets and net income per person have significant negative effects on it.This shows that households,which need substantial contribution to turn over and have strong ability to repay loans,more likely finance through banks.The ability to repay loans is the main factor affecting the acquisition of bank loans,so families with strong ability to repay loans tend to get bank loans more easily.A comprehensive analysis of people living with AIDS and those suffering from "health shock" shows that increased spending on health care due to major diseases stimulates the financial needs of families However,because of the difficulty in obtaining formal financing for the decreasing of overall household income,informal financing is often used to meet financing needs.But informal financing is just a drop in the bucket.It is difficult to completely change the poverty situation of the poor and sick.Therefore,on the one hand,we need to improve the health care system and other supporting social security measures.On the other hand,we also need to develop Pratt & Whitney Finance.We need to help poor patients achieve precision poverty alleviation through financial ways.We should increase the self-hematopoiesis function of these special groups,rather than simply provide relief to them through charity organizations in a "pro bono form".Finally,this paper puts forward the following policy recommendations: providing Network micro-credit to poor patients;improving the rural medical insurance system,improving the current poverty-relief mechanism;regulating the development of informal financing and increasing rural financial supply.