Healthcare in the U.S. is an expensive affair. One visit to the doctor’s office can easily cost you a few hundred bucks, and an average three-day stay in a hospital can cost you thousands of dollars quickly, depending on the kind of care provided. Most of us cannot pay such a massive sum of money. Here, health insurance offers a way to reduce such costs to a more reasonable amount. This is where health insurance becomes a lifesaver.
One of the reasons healthcare in the U.S. is so complex is that it is tied to bureaucracy. While most of the world’s healthcare facilities are owned mainly by governments and the private business sector, in the U.S, the healthcare system is primarily funded and owned by private nonprofit organizations. Read More.