How Do Economic Shocks Affect Family Health Care Spending Burdens?

Grafova, Irina B.; Monheit, Alan C.; Kumar, Rizie

doi:10.1007/s10834-020-09681-0

Cited by 4 publications

(3 citation statements)

References 23 publications

(11 reference statements)

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“…Enormous medical expenses resulting from health impacts impose a heavy economic burden on families, severely limiting their wealth and leading them to prioritize current consumption. In the short term, it directly leads to the loss of patients' labor capacity and the loss or deprivation of time for family members to participate in production activities due to care responsibilities, thereby negatively affecting household or individual labor income (K. Alam & Mahal, 2014; Grafova et al, 2020; Y. J. Wang et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

COVID-19 Impact, Medical Insurance System, and Health Equity

Qin,

Zhu,

et al. 2024

Preprint

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Background The widespread outbreak of the COVID-19 pandemic poses a significant threat to human health. In the context of Healthy China, enhancing residents' health performance is an inevitable choice to promote the equalization of public medical and health services. Methods This article utilized online survey data, employs the O-probit model and Health Equity Gap Model to empirically analyze the relationship between COVID-19 infection, the medical insurance system, and health equity. Results Findings revealed that as of mid-January 2023, the nationwide infection rate of COVID-19 in China is 82.34%, with 24.86% of respondents reporting the loss of relatives or friends, and the average age of death being 71.30 years old. In terms of impact of COVID-19, Chinese residents are most concerned about the future impact of COVID-19 on their health and work. Compared to the Urban-Rural Resident Medical Insurance in China, the Urban Employee Medical Insurance is more effective in alleviating the negative impact of COVID-19 infection on residents' health, especially for middle-aged and elderly individuals, rural residents, those with chronic diseases, and in the eastern regions of China. Urban Employee Medical Insurance improves residents' health by influencing their drug purchase amount and outpatient visits following the impact of COVID-19. If Chinese residents receive the same treatment as Urban Employee Medical Insurance, their health would improve by 0.240 units, equivalent to 56.21% of the actual health gap between different medical insurance coverage groups. Conclusions Compared to the Urban-Rural Resident Medical Insurance, the Urban Employee Medical Insurance is more effective in mitigating the negative impact of COVID-19 infection on residents' health. Under the impact of the COVID-19 pandemic, different medical insurance systems have widened the health gap between urban employees and rural residents.

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Section: Introductionmentioning

confidence: 99%

COVID-19 Impact, Medical Insurance System, and Health Equity

Qin,

Zhu,

et al. 2024

Preprint

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“…Yet, those studies have analysed the relationship during periods of financial stability. There is hardly any empirical evidence on how household expenditure behaves during periods of financial crisis, although it has been widely acknowledged that such periods exert considerably adverse effects on pensions, as income sources, as well as the way they are spent (Grafova et al, 2020;Impavido & Tower, 2009). In this paper, we examined how expenditure behaves at retirement during turbulent times using household-level data, and examined the role of pension cuts during a severe financial crisis in explaining the drop in expenditures at retirement.…”

Section: Introductionmentioning

confidence: 99%

Retirement and Household Expenditure in Turbulent Times

et al. 2023

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We examine how expenditure changes at retirement during an institutionally and economically uncertain period when a series of pension reforms and cuts were implemented. Overall, we fail to confirm that consumption declines at retirement using data from Greece (2008–2018). Any estimated declines come from turbulent years when major pension cuts were applied. Expenditure drops at retirement were due to pension income shocks, especially for those who were particularly dependent on pension income. Further checks support the presence of an income shock mechanism for retirees who are relatively more treated during the crisis sub-period. Given an aging population and the ongoing global turbulence, our results offer valuable insights.

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“…It has been found that the heat waves in France have caused more excess mortality and years-of-life loss, and the population has experienced restricted activity [2]. In addition, the relationship between economic development and residents' health has been detected [3][4][5][6]. Considering the influence of opening-up on residents' health, it has been confirmed that the impact of foreign direct investment could have a negative impact on residents' health, especially in the most developed countries [7].…”

Section: Introductionmentioning

confidence: 99%

Regional Inequalities and Influencing Factors of Residents’ Health in China: Analysis from the Perspective of Opening-Up

Gao

Wang

et al. 2022

IJERPH

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While opening-up promotes regional economic development, its impact on the residents’ health level cannot be ignored. Based on provincial data of China from 2009 to 2020, the Gini Coefficient and Theil Index are used to analyze the regional inequalities in residents’ health in China. The Difference-in-Difference model is constructed to study the impact of China’s opening-up policies and other factors on residents’ health. The results show that, firstly, the health levels of Chinese residents have steadily improved and regional inequalities have been gradually narrowing. Secondly, the Belt and Road Initiative has significantly improved the residents’ health along the route, while the Pilot Free Trade Zone, which is another important opening-up policy in China, has had an inhibitory effect on the health of residents. Thirdly, it is proven that the Belt and Road Initiative improves the health of residents in provinces along the route by increasing the degree of opening-up and improving the regional environmental quality. This study will support and advance the UN’s Sustainable Development Goals (SDGs), especially SDG3 (Good Health and Well-being) and SDG10 (Reduced Inequalities).

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How Do Economic Shocks Affect Family Health Care Spending Burdens?

Cited by 4 publications

References 23 publications

COVID-19 Impact, Medical Insurance System, and Health Equity

COVID-19 Impact, Medical Insurance System, and Health Equity

Retirement and Household Expenditure in Turbulent Times

Regional Inequalities and Influencing Factors of Residents’ Health in China: Analysis from the Perspective of Opening-Up

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