Health Insurance - A Safety NET: An Empirical Investigation Into The Factors Influencing Individuals' Decisions To Forgo The Purchase Of Health Insurance Policies.

Abstract

ABSTRACT: Health insurance functions as a vital financial asset that offers peace of mind to individuals and their families in the face of unforeseen health-related events. The possession of multiple health insurance policies is undoubtedly beneficial. In light of the significant expenses associated with healthcare, numerous individuals regard health insurance premiums as excessively high. This viewpoint prevents them from exploring other health plans that might offer financial protection in case of unforeseen medical costs. The results of this survey suggest that a significant number of people are worried about the ease of access to physicians and other healthcare providers, along with the quality of healthcare and the overall health services available. This level of skepticism prevents individuals from safeguarding themselves with health insurance, causing them to relinquish their coverage options. The analysis centers on a range of factors that impact how individuals choose their health insurance providers and the plans they offer.