Private vs Public Health Insurance: What Are the Key Differences?

The key differences between private and public health insurance revolve around availability, cost, and service options. Private insurance, often offered by employers, offers more choice but can be costly. Public insurance, funded by the government and taxes, extends healthcare to low-income individuals, seniors, and those eligible for specific subsidies. Various programs like Medicare, Medicaid, and CHIP facilitate public health services. Neither system is universally better; they both are part of an integrated healthcare solution.