Though the number of uninsured Americans has dropped, many
people still don’t have any type of healthcare insurance coverage
(Williams,2002). If you choose to remain uninsured, you may face a
penalty unless you qualify for an exemption. Most importantly, not
having health insurance means you would have to pay the full cost of
any medical services you need if you are sick or injured. If you
choose to remain uninsured, you may face a penalty unless you
qualify for an exemption. Most importantly, not having health
insurance means you would have to pay the full cost of any medical
services you need if you are sick or injured. Pros of health insurance
are Cashless hospitalization, Network Hospitals, No Claim bonuses,
Add-ons, or Riders, Financial Protection, Peace of Mind, Affordable
healthcare. One of the main cons of having health insurance is the
cost, Pre-Existing Exclusion, Waiting Period, Increase in Premiums,
Co-Pay.
Williams, T. (2021, September 27). Don't have Health Insurance?
what's The worst that could happen? Investopedia. Retrieved February
4, 2022, from https://www.investopedia.com/articles/personal-
finance/120815/dont-have-health-insurance-whats-worst-could-
happen.asp
