Question

What of the following statements about health insurance is false

A. People use insurance to reduce their risk of having very large medical expenses
B. Insurance plans with different premiums and deductibles let you decide how much financial loss you are willing to risk
C. Paying for health insurance is always cheaper than paying for your own medical expenses
D. None of the above

Answer 1

What of the following statements about health insurance is false?

C. Paying for health insurance is always cheaper than paying for your own medical expenses

Health insurance can be very expensive and in some cases, it is cheaper to not have health insurance and just pay out of pocket for your healthcare needs. This will be a case by case basis as everyones needs are different.

Answer 2

C. Paying for health insurance is always cheaper than paying for your own medical expenses.