Bilal Basrai is a financial professional. Before his current position, he served as an equity research analyst, and was top ranked for the majority of the healthcare stocks he covered. He was ranked as the seventh best stock picker in the healthcare services and provider’s industry.
Here are three important economic healthcare facts for professionals in the field.
An important fact to keep in mind is that the higher the cost of healthcare in general, the less money people have to spend in the economy. When the price of healthcare increases, people simply don’t have the money to spend on luxury items or items of comfort. This is especially true for families who have children in need of major healthcare services. In some cases, it makes it difficult to even afford the most basic items necessary to live. This has an impact on the economy as a whole because other industries suffer as a result.
Most of the healthcare coverage that families do have isn’t enough to fully cover the costs of emergencies. Most families in this country can afford only the most basic insurance or coverage policies available to them through work or insurance companies, which means there’s still a lot to be said about what’s lacking in their plans. Emergencies are named such because they can’t be planned for, which can easily put a dent in a family’s monthly budget.
Another important healthcare fact, and possibly the most important, is that healthcare coverage offered by employers has been on a drastic decline in recent decades. Only one percent of employees choose to use their employers recommended healthcare policy, as opposed to seventy-five percent not too long ago.
Bilal Basrai understands the important facts about the healthcare industry, which is why he achieved so much as an equity research analyst in the field.
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