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Health insurance is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or a government agency. Market-based health care systems such as that in the United States rely on private medical insurance.
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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee. ...
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Health Insurance as related to Insurance
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8 Health insurance in the United States. 9 See also. 10 Notes and references ... The concept of health insurance was proposed in 1694 by Hugh the Elder ...
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