Elderly Care Costs Push Indian Families into Debt

Many families in India are struggling to care for elderly relatives at home.

A recent study found that one in five households with chronically ill elderly members spends so much on healthcare that it becomes a financial crisis.

This is because health insurance often doesn't cover long-term care at home, and families have to pay for everything out of their own pockets.

As a result, many families are using up their savings, taking loans, or asking friends and family for help.

The costs are very high, especially for serious illnesses like cancer, heart disease, and stroke.

The government has tried to help by reducing out-of-pocket expenses, but more needs to be done to support elderly care.

Different states in India also have different levels of this problem, with some states facing much higher financial strain.

The study highlights the need for better health insurance and government support to help families care for their elderly loved ones without going into debt.