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Health Insurance ≠ Healthcare

Insurance and care are not the same thing

Health insurance is a financial tool that’s meant to protect against medical cost burden, primarily for sudden needs/large sums of money to cover catastrophic medical situations.

Healthcare is the care you receive from your doctor, your nurse, your pharmacist, etc. It is a service given to you by a trained medical professional.

How did the United States get to a place where people routinely confuse these two related, but very separate concepts?

In this Advisor Analysis piece, you’ll learn:

  • How Americans came to confuse “insurance” with “care”

  • Why health insurance cannot possibly be equivalent to healthcare, and why this is so important

  • Ways to finance healthcare without insurance

  • Why understanding the distinctions between healthcare terms matters



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