private vs public health insurance

Private health insurance is provided by non-government entities, allowing people to purchase coverage tailored to their needs, often offering a wider range of services and shorter wait times. Premiums and out-of-pocket costs can vary significantly. Public health insurance, on the other hand, is government-funded and typically available to all citizens, focusing on basic healthcare needs and often funded through taxes. While public insurance aims to provide universal coverage, private insurance can enhance the level of care received but may come with higher costs. Both systems aim to facilitate access to healthcare, but they function differently in terms of funding and coverage.