Health shock, catastrophic expenditure and its consequences on welfare of the household engaged in informal sector

ConclusionOur findings indicate that informal sector workers are highly vulnerable to health shocks and economic burden in terms of high treatment costs and low insurance coverage. Further, we also show that workers engaged in the informal sector witness greater probability of incurring CHE and impoverishment. Results from the Tobit model suggests that various factors such as insurance coverage, severity of illness and others are crucial predictor of catastrophic spending.
Source: Journal of Public Health - Category: Health Management Source Type: research