The Impact of Commercial Health Insurance on Household Consumption in the Context of Population Aging

Jinxia Liu; Shuang Zhu

doi:10.54691/e3j76263

Authors

Jinxia Liu School of Economics and Management, Hebei Open University, Shijiazhuang, Hebei, China
Shuang Zhu School of Finance, Hebei University of Economics and Business, Shijiazhuang, Hebei, China

DOI:

https://doi.org/10.54691/e3j76263

Keywords:

Commercial Health Insurance; Household Consumption; Consumption Structure; Pop-ulation Aging.

Abstract

Against the strategic backdrop of expanding domestic demand and addressing population aging, this study examines the impact of commercial health insurance on household consumption using provincial panel data from China for 2014–2024. The results show that commercial health insurance significantly promotes household consumption expenditure, crowds out basic consumption, and positively affects developmental and enjoyment-oriented consumption. This positive effect is persistent, with lagged health insurance development continuing to promote household consumption. Moreover, the effects on basic and developmental consumption vary significantly across different levels of population aging. Therefore, it is necessary to strengthen coordination among multiple levels of medical security, implement regionally differentiated and consumption-oriented health insurance strategies, and promote the transformation of insurance products toward enhanced protection and health consumption incentives.

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