Public insurance

Public insurance refers to health coverage provided or subsidized by government programs to ensure access to essential medical services. Examples include Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP). These programs aim to protect individuals, especially those with limited income, seniors, or people with disabilities, from high healthcare costs. Funded through taxes, public insurance helps promote public health by making healthcare more affordable and accessible, reducing financial burdens, and ensuring that vulnerable populations receive necessary medical care regardless of their financial situation.