The mental health effects of critical illness insurance: Evidence from China’s aging population

The CII policy has proven effective in improving the mental health of older adults, with significant variations across income levels, health conditions, and regional economic development. By reducing financial stress and improving access to healthcare, the policy not only addresses mental health disparities but also bolsters household economic resilience. These findings underscore the critical importance of tailored health insurance policies to address the diverse needs of an aging population effectively.