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Socio-Economic Factor In Health Care Industries!

Socio-Economic | Health Care | Industries | 2nd December 2021 | Virtual Wire

 

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Socioeconomicthat status of any group or family is primarily linked to its income, education, or occupation (which basically covers every aspect).

Together they determine the capability of such groups to access proper health care in a multitude of ways. In a country like India enjoying vast diversity across many fronts, disparities are very profound. There are ethnic, cultural, caste, class, religious-based boundaries which often tend to marginalise many. Such deprived or marginalised groups find themselves struggling to meet their basic demands even though being sponsored by various governmental provisions.


Education is perhaps the most basic socioeconomic component since it shares future occupational opportunities and earning potential. It provides knowledge and life skills that allow better-educated persons to gain more ready access to information and resources to promote health. Educated people tend to be more dutiful to their families nutritional as well as hygienic demands which in turn fends off many unnecessary health complications. It is observed that an increase in the level of education has an inverse correlation with health care costs. The more educated the society is, lesser is the relative expenditure over health care.

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Indian govt. though have tried to come up with incentives for free education, but the overall participation rate still remains low especially in the rural areas. Income is again the basis of sustaining ones fundamental requirements. In addition to providing means for purchasing health care, higher incomes can provide better nutrition, housing, schooling, and recreation. The distribution of income is often linked to the rate of mortality. Although the association between income and health is stronger at lower incomes, income effects persist above the poverty level. In some developed countries like Canada and Sweden, the provision of UBI (universal basic income) has seen a positive correlation with improvement in health care.


Some states in India are also preparing to experiment with UBI in the coming decade. UBI along with several schemes of direct income transfer is a very practical approach towards guaranteeing rural healthcare development. Occupational status is a more complex variable, and its measurement varies depending on one theoretical perspective about the significance of various aspects of work life. One aspect is simply whether one is employed or not since the employed have better health than the unemployed have. Some types of benefits for the unemployed can buffer the adverse effects on health.

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Entitlement benefits appear to reduce some negative health effects, while means-tested benefits do not. Also, the threat of unemployment and job security affects the psychological status of a person. It is the duty of government to keep a check over employment statistics and to provide proper incentives for the creation of jobs. If we consider the above 3 parameter together, we find that most of the Indian residents lack somehow in one or the other. Such correlation between socio-economic status and health care demands proper civic attention and intervention. Blindly investing in health care considering it the sole factor is not the ultimate solution but a pragmatic and holistic approach is required. Hopefully, as we collect more data and unravel the subtleties we can pave way for a healthy and prosperous society.




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