The fact is, not many get proper health coverage, failing to understand that having good coverage actually protects their wealth, and a lack of it brings financial despair.
Here are three reasons why you should make sure that you have good health coverage:
Rising medical costs. The costs of medicine, laboratory tests, and medical procedures are not immune from price increases, and it is even increasing at a faster rate than inflation. According to the latest data from the Philippine Statistics Authority (PSA), per capita health spending of Filipinos grew by 9.2% in 2015 and 8.7% in 2016.
One can only imagine how much more expensive procedures such as a coronary bypass will be in the future, when they currently cost up to P1.17 million.
That is why it is important to have a source of funds in case an unexpected medical emergency happens.
Rising incidence of critical illnesses. More and more people are suffering from critical illnesses such as heart disease, stroke, and cancer, with contributors such as stress, environment, and lifestyle getting worse every year.
According to data from the Department of Health and Philippine Statistics Authority, yearly deaths due to heart disease have increased from only 60,417 in 2000, to 102,775 in 2016. Similarly, deaths due to diseases of the vascular system (such as stroke), have increased from 48,271 in 2000, to 90,390 in 2016, while cancer increased from 36,414 in 200, to 60,470 in 2016.
That is why it is important to live a healthy lifestyle to reduce the likelihood of a critical illness.
Getting older means more health-related issues. We just have to accept that aging is a part of life. No matter how healthy and strong you may have been in your younger days, your physical body is mortal and will break down.
That is why it is important to start living a healthy lifestyle while you are young, and to continue being active and fit as you grow older.