What is the purpose of health insurance?

The purpose of health insurance is to ease financial burdens from health issues. This type of insurance is designed to help individuals manage the costs associated with medical care, including hospital stays, surgeries, medications, and preventative services. By spreading the risk among a larger group of people, health insurance helps reduce the overall financial impact on individuals when they face health-related expenses.

This is particularly important because medical costs can be substantial and unpredictable, potentially leading to significant financial hardship without the support of insurance. Overall, health insurance plays a critical role in promoting access to necessary medical services while providing a safety net for unexpected health-related expenses.