Economic Policy Questions
The role of insurance in healthcare policy is to provide financial protection and access to healthcare services for individuals. Insurance helps individuals and families cover the costs of medical treatments, medications, and preventive care. It also helps to distribute the financial risk of healthcare expenses across a larger population, ensuring that individuals are not burdened with high healthcare costs. Additionally, insurance can incentivize individuals to seek timely and appropriate healthcare by reducing out-of-pocket expenses. Overall, insurance plays a crucial role in ensuring affordable and accessible healthcare for individuals and promoting the overall well-being of the population.