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Author(s):

Kumuthavalli.MS | Dr. M D .Chinnu
Keywords:

Healthcare Costs, Economic Growth, Public Expenditure, Labour Productivity, Income Inequality, Fiscal Deficit, Healthcare Policy, Medical Inflation, Healthcare Access, Innovation In Healthcare.
Abstract:
The Rising Cost Of Healthcare Has Become A Significant Economic Challenge, Affecting Both Individuals And National Economies. As Healthcare Expenditures Increase, They Place A Financial Burden On Governments, Businesses, And Households, Potentially Reducing Disposable Income, Limiting Investment In Other Sectors, And Exacerbating Income Inequality. High Healthcare Costs Also Impact Labour Productivity, As Individuals And Businesses Struggle With Medical Expenses And Insurance Premiums. Additionally, Excessive Spending On Healthcare Can Strain Public Finances, Diverting Resources From Infrastructure, Education, And Other Essential Services. This Paper Examines The Key Drivers Of Rising Healthcare Costs, Their Implications For Economic Growth, And Potential Policy Solutions To Balance Affordability, Quality, And Accessibility In Healthcare Systems. Addressing These Challenges Is Crucial For Ensuring Sustainable Economic Development And Improving Overall Societal Well-being.

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