Reduction in Earnings Due to Serious Medical Problems


In the matter of all medical problems, being hospitalized is the toughest one. To determine this, a study has been conducted which says that it is considered as the most painful financial impact on the lives of the human. It has been found that there is 20% of the decrease in the earnings and 11% of the decrease in the employment that is creating negative impacts due to several health problems of the people.

People usually prefer health insurance services but that does not include full insurance. It is not due to the reason like cost-sharing and high-deductibles but health insurance ensures the economic consequences of poor health. From the records of various hospitals, it has been found that around 7,80,000 people with health insurance on the rough basis and about 1,50,000 are without the policy of health insurance, which further defines the income and expenditure capacity of the people and the family where at least one person is suffering from serious health problems.

The study also shows that people who have health problems and leading to a hospital have worse access to their credits. They have a large number of unpaid medical bills and expenditure. This problem can be resolved to a certain extent through medical insurance with Best Placement Colleges but a long-term and serious medical issue plays a significant role even after this insurance policy and services.

Above mentioned data is entirely based on the self- reported survey. It helps in quantifying the cause and effect relationships between different kinds of serious medical problems and different financial implications faced by the people. This data has also helped in establishing the method of altering economic trajectories of the individuals through their hospitalization functioning.

From all the studies; it has been found that the List of Engineering Colleges and hospitalization leads to the terrible economic consequences which create multiple scenarios at a time in the country. There are certain aspects which help in determining serious health problems that include people’s ability to work, lack in interested towards employers and reduction in the likelihood of new searching and jobs which has the high range of payee.

Due to this, it has become very significant to define various research and experiments as there are also people who have never been to hospitals in their previous lives and examine changes to the different economic situation of events that are constantly occurring. It helps in triggering different financial effects to the people who are working. This made the conclusion that it is the most casual relationship without any correlation to any other state.