Hemolytic anemia is a condition where red blood cells are destroyed faster than the bone marrow can replace them, leading to anemia. In hemolytic anemia, red blood cells have a significantly shortened lifespan of around 15 days compared to the normal 120 days. Clinical features include pallor, jaundice, an enlarged spleen, gallstones, and skeletal abnormalities. Examination of the peripheral blood smear and bone marrow can provide clues to the underlying cause by revealing abnormalities in red blood cell shape.