Video: Public vs. Private Health Insurance

Public vs. Private Health Insurance

Private insurance is what's predominant in the United States today. Learn about public versus private health insurance with help from a longtime insurance broker in this free video clip.

Video Transcript

My name is Susan Combs and I'm an insurance broker for Combs and Company. Today, we're going to talk about private versus public health insurance. This concept is very easy to understand. Private insurance is what's predominant in the United States today so how that typically works is you have a carrier that you pay your premiums into. When you pay the premium it's a promise that the insurance carrier is going to pay your medical bills so you know it's something that everybody is typically used to in this country and then a public option is different. So the public option is typically run by the government, overseas and also like in Canada and things like that, this is something that they are more used to. So where the government is basically the insurance carrier or they utilize a network but your premiums are actually being paid to the government. So you know if you are wanting more information on this you know you can talk to a broker if you are looking for information on public options and things like that stay tuned because with the national healthcare changes that are going to occur, there's going to be state exchanges that are going to be opening up and ultimately a lot of people are thinking that there will be a public option that will be offered down the road.

Public vs. Private Health Insurance

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