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ASSESSMENT OF HEALTH CARE COST AND FINANCIAL IMPLICATIONS TO HEALTH AND ILLNESS

ABSTRACT

The study sought to assess health care costs and the financial implications of health and illness. Everyone knows that eating a balanced diet, exercising and getting plenty of rest is the key to maintaining or learning how to be in good health. The study observed that having a good life and a healthy life is an important aspect of an individual's wellbeing since individuals make a nation. Hence, healthcare could be regarded as one of the necessary conditions for achieving sustainable long-term economic development. Therefore, the study indicated several causes of illness, such as bacteria, viruses, fungi, person-to-person, insect bites, etc. as well as the effect of illness, such as the emotional and economic effect of illness. One of the recommendations made was that all individuals should be health-conscious by promoting their lifestyle in the areas of food, physical activity, and many more. As it is, genetics, lifestyles, the environment, and socioeconomics should be considered as the best variables for health capital. This will help promote good health and reduce the rate of illness.

KEYWORDS: Health Care Cost, Financial Implications, Health and Illness

Stephen C. JOSEPH, Ph.D
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