Impact of Patients Approach towards Healthcare Costs on their perception towards Health: An Empirical Study

Abstract

Health is a very important element in any individual’s life. It is a state wherein the mental, physical, and social being of a person function in proper alignment with the metabolism. Healthcare is the provision which ascertains that there is complete synchronization of the body organs and functions in its optimal state. Lifestyle choices and surroundings affect individuals and their health. Hence, along with taking optimum precautions regarding the surroundings it is also imperative to invest in health care insurance schemes. However, this depends on person to person. The costs in healthcare system have risen tremendously. In US the health care costs sum to around 3.5 trillion dollars as per the data of 2017 and continues to rise (Hartman et al., 2020). Health is defined as a positive concept which supports the bodily functions. It not just keeps a person away from diseases but also keeps one’s immune system intact while providing strength to boost up the capacity for remaining fit. The purpose of this study is to determine the perception of patients regarding health care and the way they take measures with respect to their health problems. With rising costs in healthcare and several other reasons, the attitude and approach towards healthcare seems to vary in different groups (Hann et al., 2017). The paper hopes to bring out the facts which shall make the readers understand the patients’ perception regarding the healthcare system and their overall health. A sample of 201 people was surveyed to explore the factors for patients approach towards healthcare costs and to know the effect of patients approach towards healthcare costs on their perception towards Health. The study concludes that factors associated with patients approach towards healthcare costs are Health care services, Lifestyle, Savings and Health Insurance Plans and Medication.