Table 2 Impacts of the health insurance payment reform on health care received by elderly. This table reports OLS results on how DRGs payment reform affects the healthcare and financial protection received by elderly in this study. Models 1–3 shows results of the effects of health insurance reform on health expenses, and models 4 and 5 shows results of the effects of health insurance reform on financial protection. Dependent indicators were logarithmically transformed in the model considering the skewed distribution. ***, ** and * denote statistically significant levels of 1%, 5% and 10% respectively
| Â | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
VARIABLES | Hospitalization Expense | Drug Expense | Treatment Expense | Medical Insurance Fund | Out-of-pocket |
DRG | 0.0072 | -0.0803*** | 0.2704*** | -1.8426*** | 0.2724*** |
| Â | (0.0089) | (0.0119) | (0.0164) | (0.0417) | (0.0124) |
Age | -0.0021*** | -0.0026*** | 0.0055*** | -0.0114*** | -0.0076*** |
| Â | (0.0003) | (0.0004) | (0.0006) | (0.0016) | (0.0005) |
Gender | 0.0706*** | 0.0906*** | 0.0712*** | 0.0028 | -0.0013 |
| Â | (0.0050) | (0.0067) | (0.0093) | (0.0235) | (0.0070) |
Married | 0.0636*** | 0.1023*** | 0.0684*** | 0.1887*** | 0.0570*** |
| Â | (0.0060) | (0.0081) | (0.0111) | (0.0282) | (0.0084) |
LOS | 0.0533*** | 0.0608*** | 0.1055*** | 0.0330*** | 0.0481*** |
| Â | (0.0003) | (0.0004) | (0.0006) | (0.0015) | (0.0004) |
M_type | -0.0022*** | -0.0045*** | -0.0036*** | 0.0527*** | -0.0179*** |
| Â | (0.0003) | (0.0004) | (0.0005) | (0.0012) | (0.0004) |
D_Admission | 0.0015*** | 0.0014*** | -0.0006*** | -0.0032*** | 0.0022*** |
| Â | (0.0001) | (0.0001) | (0.0002) | (0.0004) | (0.0001) |
CPI | 0.8858*** | -3.6562*** | 1.5501*** | -22.0582*** | 3.6120*** |
| Â | (0.2221) | (0.2976) | (0.4107) | (1.0416) | (0.3089) |
GDP_pc | -0.1567*** | 0.8402*** | 0.4054*** | 15.8639*** | -2.1944*** |
| Â | (0.0523) | (0.0700) | (0.0966) | (0.2450) | (0.0727) |
H_worker | -0.0077 | -0.0325 | 0.0929** | 1.2892*** | -0.1782*** |
| Â | (0.0209) | (0.0280) | (0.0386) | (0.0980) | (0.0291) |
N_Hospital | -0.0003*** | -0.0006*** | -0.0003*** | -0.0046*** | 0.0005*** |
| Â | (0.0000) | (0.0000) | (0.0000) | (0.0001) | (0.0000) |
Constant | 9.8493*** | 3.6562*** | -1.7817* | -143.4549*** | 29.1200*** |
| Â | (0.5785) | (0.7750) | (1.0694) | (2.7125) | (0.8044) |
Year FE | Yes | Yes | Yes | Yes | Yes |
Region FE | Yes | Yes | Yes | Yes | Yes |
Observations | 46,714 | 46,714 | 46,714 | 46,714 | 46,714 |
R-squared | 0.5205 | 0.4400 | 0.4591 | 0.3677 | 0.3633 |