Health insurance must be bought. Health insurance works by collecting money, in the form of premiums, from a large group of people every month and putting these funds into one large pot, also called reserves. The plan is that there will always be enough funds to pay for the health care needs of any of the individuals in the group who need health care at any given time. Thus, by spreading the risk over a large enough pool of people, we are insured that there will be money to pay for our health care when we need it. If the risk were spread over a large enough pool, theoretically, there would always be enough money to meet the needs.
Health insurance is the ticket to getting access to health care.
Health insurance must be bought. Health insurance works by collecting money, in the form of premiums, from a large group of people every month and putting these funds into one large pot, also called reserves. The plan is that there will always be enough funds to pay for the health care needs of any of the individuals in the group who need health care at any given time. Thus, by spreading the risk over a large enough pool of people, we are insured that there will be money to pay for our health care when we need it. Many people get coverage for their health care from more than one of these sources.