Proceedings of the 4th International Conference on Informatization Economic Development and Management, IEDM 2024, February 23–25, 2024, Kuala Lumpur, Malaysia

Research Article

The Influence and Path of Medical Insurance on the Allocation of Diversified Family Financial Assets under the Condition of Informatization

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  • @INPROCEEDINGS{10.4108/eai.23-2-2024.2345879,
        author={Xupeng  Wang and Chunlin  Zhang and Xinchen  Deng},
        title={The Influence and Path of Medical Insurance on the Allocation of Diversified Family Financial Assets under the Condition of Informatization},
        proceedings={Proceedings of the 4th International Conference on Informatization Economic Development and Management, IEDM 2024, February 23--25, 2024, Kuala Lumpur, Malaysia},
        publisher={EAI},
        proceedings_a={IEDM},
        year={2024},
        month={5},
        keywords={health insurance; household financial assets; network utilization level; utilization rate of medical service},
        doi={10.4108/eai.23-2-2024.2345879}
    }
    
  • Xupeng Wang
    Chunlin Zhang
    Xinchen Deng
    Year: 2024
    The Influence and Path of Medical Insurance on the Allocation of Diversified Family Financial Assets under the Condition of Informatization
    IEDM
    EAI
    DOI: 10.4108/eai.23-2-2024.2345879
Xupeng Wang1,*, Chunlin Zhang2, Xinchen Deng1
  • 1: State Grid Energy Research Institute Co. LTD
  • 2: State Grid Jibei Electric Power Co.LTD
*Contact email: wangxupeng@sgeri.sgcc.com.cn

Abstract

Through analyzing the impact of basic medical insurance on household financial asset allocation, empirical test was conducted based on IV-Probit and IV-Tobit models and multiple mediating effect models. The heterogeneity of basic medical insurance on various types of financial assets is mainly reflected in the difference of insurance types. For risk and guarantee financial assets, compulsory insurance has a significant promoting effect and obvious complementary effect, while voluntary insurance has a significant crowding out effect and substitution effect, resulting in a certain inhibitory effect. Basic medical insurance can improve the investment in financial assets by improving the level of network utilization and enhancing the utilization rate of medical services by families. The mediating effect is different among different medical insurance. The mediating effect of network utilization rate of compulsory insurance and medical service utilization rate of compulsory insurance are significant, but the mediating effect of voluntary insurance is limited.