Explain the impact of enhancing wage ceiling for ESI coverage on workers.
Explore the effects on workers with an increased wage ceiling for ESI coverage.
- Increased Protection: Workers with higher wages will now be eligible for Employee State Insurance (ESI) coverage, providing them with access to healthcare benefits and financial protection in case of illness or injury.
- Improved Healthcare Access: With a higher wage ceiling, more workers can access quality healthcare services without having to worry about high out-of-pocket expenses.
- Enhanced Job Satisfaction: Knowing that they are covered by ESI even with higher wages can lead to increased job satisfaction among workers, contributing to higher morale and productivity.
- Financial Security: Workers with increased wage ceiling for ESI coverage will have a safety net in place, ensuring financial security for themselves and their families during medical emergencies.
- Equal Opportunity: Extending ESI coverage to workers with higher wages promotes equality in access to healthcare benefits, regardless of income level.
Answered
2 weeks ago