Weighing the Risks of Going without Health Insurance

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Recommended: Advantages and disadvantages of insurance

Insurance is the most important that most in need of money come in handy, while not to buy insurance is facing are needed, there is no guarantee, can only sit. People may encounter many items of risks in one’s life, and each item is the unpredictable risks and is not a short-term treatment. In fact, whether you buy insurance or not, you have to pay for the risk, it is when the risk comes and economic losses, the money is the insurance company or your wallets out. But people in their life has three big risks, none of us can escape. And they are that the unexpected always come unexpectedly, the disease always uninvited, endowment always comes. So the purchase of insurance is a certain role.
No matter what we discuss is the health insurance, life insurance, car insurance or other forms of personal insurance, the mechanism is that the probability of bad things happening to you is very small, while the probability of bad things not happening to you is great. You spend a small amount of money to buy insurance, once the unfortunate thing, insurance will be able to reduce the loss caused by the distress. In other words, you pay the insurance fee, once something happens, the insurer will pay you a certain amount of reparations to compensate you for the loss. For health insurance, people pay insurance premium is for when I was sick, the insurer may pay for most medical expenses. However, some people go without health Insurance.
Above introduce the background of the health insurance. Then analyze the necessity of health insurance with economics theory. Finally, the health insurance is to a certain extent.

The same with other insurance products, health insurance to maintain the principle of economics is that it will be uncertainty of loss a...

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...ly is generally more expensive, but they are more frequently than young people need care. They usually have the disease costs more expensive than young people have the disease. Because of the elderly to buy insurance, because they won't care too much about the cost, the cost of health insurance will be high for the elderly. So the government wants to force healthy young people to get health insurance.
Compared with the life insurance and accident insurance, the rate of health risk is significantly higher. Therefore, the insured person has safeguarded relatively. In addition, health insurance provides health care to higher levels for people, at the same time as the health care system can encourage people to save more for consumption, education, entertainment and development, promote the social and economic efficiency, thereby improving the whole social life welfare.

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