You should spend around 40 minutes on this task.
In many countries, people fail to save enough money for their healthcare. Why does this happen? How can you attend this problem?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Write at least 250 words.
Struggling to bear the health expenses has become a global phenomenon just because many have not enough financial resources to meet this need. There are two main reasons behind this and the issue can be addressed very effectively with appropriate measures.
The first tentative cause of this condition might be the imbalance in the income and expenditure of a person. Many are falling well short of enough income even to just fulfil their daily needs. This is because people can hardly afford the cost of living as it is soaring day by day. In cases if they can save, it would not be enough to invest in health-care schemes. Many health insurance schemes are business-oriented and are not customer friendly and this sways away people from registering with one of those.
The second reason is the wrong attitude of people, especially the young towards saving money in health. To be precise, most people, who are in their productive age, would hardly think of the extreme health hazards which can occur to them at any time. Therefore, they postpone the thought of saving money in this field and invest money in some other areas instead.
Turning to the solutions, the first is proper budgeting. As health is the first priority of any person, it is quintessential to save money for this. Genuine awareness should be made among the people to ensure this saving within their economic limitations. The second is to implement some legislation to make the health expense affordable to the public and make the insurance schemes more customer-friendly.
To conclude, the major reasons behind failing investments in health is personal, and this crisis is not a complex one to be solved.
Word count: 282