Abstract:The deepening of my country's aging and the increasing burden of family pensions may have an adverse impact on consumption. How to promote family consumption while maintaining the health of the elderly is a practical problem faced by my country in the process of deepening reforms. Based on the China Health and Retirement Longitudinal Survey (CHARLS) Phase IV data, the double difference method was used to evaluate the impact of long-term care insurance policies on household consumption. The study found that the long-term care insurance policy had a significant positive effect on household consumption; the heterogeneity test showed that compared with the control group, urban and eastern and central regions were more affected by policy shocks, and the effect showed an expanding trend; further research found that, The mediating effect clearly reveals the transmission mechanism of "long-term care insurance policy-family income level-family consumption". This paper identifies the mechanism and transmission path of long-term care insurance policy and household consumption, which will help to exert the health and economic effects of long-term care insurance, and provide a useful reference for further deepening the reform of the medical system.

Key Words:long-term care insurance;household consumption; income level