Document Type

Blog Post

Publication Date

3-12-2025

Abstract

Health insurance is a type of insurance policy that provides coverage for a predetermined set of medical risks over a specified period. A health insurance policy is an agreement between an insurance provider and an individual, wherein the provider commits to covering pre-determined medical expenses, while the individual pays a fixed monthly premium (which may vary depending on the terms of the agreement). Upon acceptance into this plan, the consumer becomes part of a risk pool, which is further categorized into low-risk and high-risk segments. One’s risk assessment provides information regarding their propensity to need more medical services, and this directly correlates to the amount of premiums that would be paid by the person each month.

This post was originally published on the Cardozo International & Comparative Law Review on March 12, 2025. The original post can be accessed via the Archived Link button above.

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