Table 3.
Modes of Distress Financing and Coping Strategies for High OOP Payments on Cancer Care in India
Reference article | Reported modes of distress financing | Proportion of cancer patients |
---|---|---|
Alexander et al, 2019 | Savings Mortgaging or selling assets High-interest loan or discontinuation of therapy Discontinued treatment |
28% 30% 13% 3% |
Jain and Mukherjee, 2016 | Borrowed money at low interest (0-15% p.a.) rates Used social nets that is monetary assistance form relatives and friends Savings Used financial assets that is shares, mutual funds and gold Delayed payments of pre-existing loans Sold economic productive assets Renting out Delayed payment of bills Pawned jewellery Borrowed money at a high interest (≥15%) rate took credit from local shop (15.8%), financing by aid (govt/private) (14%) |
84.60% 74.70% 74.20% 53.40% 48.90% 41.20% 33% 19.90% 16.70% 15.80% 15.80% 14% |
Joe, 2015 | Income/savings Borrowing Contributions from relatives or friends sale of assets |
- |