CAN CATASTROPHIC OUT-OF-POCKET MEDICAL EXPENSES BE REDUCED BY INSURANCE AND GOVERNMENT SCHEMES?

Finance

This abstract explores the potential for government health insurance and schemes to mitigate catastrophic out-of-pocket expenses, examining their impact on healthcare affordability and accessibility. By analyzing existing programs and their effectiveness, the study aims to contribute insights into policy measures that can alleviate financial burdens on individuals and enhance overall health system resilience. Additionally, the abstract investigates the socio-economic implications of high out-of-pocket expenses, emphasizing the disproportionate burden on vulnerable populations. Through a comparative analysis of international models and their outcomes, the research seeks to identify best practices and potential areas for improvement in implementing government-sponsored health insurance. The goal is to inform policymakers about strategies that not only reduce catastrophic healthcare costs but also promote equitable access to quality medical services.

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