Do I need health insurance?It's essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a major illness or hospitalization.Get answers to more questions.
Apnainsurance.com Research Bureau
03 Dec 2007
Yes, health insurance IS essential.
According to recent studies, healthcare costs have been rising at more than 20 per cent on an annualized basis. Also, out-of-pocket spending continues to be around 75 per cent of the total medical expenses. Given this increasing cost of medical care and treatment, it becomes essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a major illness or hospitalization. Even the government is getting into the act - to reduce the exorbitant out-of-pocket spending, it has been promoting low-cost health care plans.
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