<u>A person may not be able to afford healthcare if he falls ill</u>
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Health insurance is the type of insurance where a person pays a premium periodically to cover the medical costs in case of an illness, surgery or any other health related problems.
This is important because:
It protects the insured from unexpected medical emergencies
Some health services come at a subsidized rate for such person
Some preventive measures are available at no cost, etc
Therefore, one consequence of not having a health insurance is that any sudden medical emergency can catch a person unawares and he would not be able to afford treatment.
