Does it really pay off to have a private health insurance as US citizen in US?

Health insurance in the United States, such as Medicaid and Medicare, are usually not as extensive as in other countries. The reason for the limited public health insurance in the US is largely due to historical, political and economic factors. The US has a long history of private enterprise and a relatively low level of government involvement in healthcare. This has led to a system in which private health insurance companies play a large role in providing healthcare coverage.

Additionally, there have been long-standing debates about the role of government in healthcare, with some arguing that it should be limited and others advocating for a more comprehensive public healthcare system. These debates have contributed to the limited expansion of public health insurance in the US.

Economic factors also play a role. The cost of healthcare in the US is high, and some argue that a more extensive public healthcare system would be too expensive for the government to fund.

It's important to note that there have been efforts to expand public health insurance in the US, such as the Affordable Care Act (ACA) which was passed in 2010. The ACA expanded coverage for millions of Americans, but the future of the ACA is still uncertain and there are ongoing discussions about how to improve the healthcare system in the country.

Having private health insurance in the US can pay off in several ways. Some benefits include:

However, it's important to note that private health insurance can be expensive, and not everyone can afford it. Additionally, some people may not need the extra coverage and benefits that private health insurance offers. It's important to consider your personal health needs and financial situation when deciding whether to purchase private health insurance.

Does it payoff to close healthy insurance in US in the age of 30+?

It depends on an individual's personal health needs and financial situation. Some factors to consider when deciding whether to keep or cancel private health insurance in the US in your 30s or older include:

It's important to consider your personal health needs and financial situation when deciding whether to keep or cancel private health insurance in your 30s or older. It's always best to consult with a financial advisor or a health insurance agent to help you decide.

Private health insurance plans versus public insurance plans. What is more cost efficent?

The cost efficiency of private health insurance plans versus public insurance plans can vary depending on several factors, such as your income, location, and health status.

Private health insurance plans are generally more expensive than public insurance plans, such as Medicaid and Medicare. Premiums for private health insurance plans can be higher, and out-of-pocket costs, such as deductibles and copays, can also be higher. However, private health insurance plans often have more comprehensive coverage and a larger network of healthcare providers to choose from.

On the other hand, public insurance plans, such as Medicaid and Medicare, are generally more cost-effective for those who are eligible. Medicaid is a government-funded program for low-income individuals and families, and Medicare is a federal health insurance program for people who are 65 or older, or those with certain disabilities. Both of these programs have lower out-of-pocket costs, and sometimes no costs at all, but they also have more limited networks of providers and may not cover as many procedures or treatments.