What is a potential consequence of not having health insurance?

The potential consequence of not having health insurance is indeed a higher risk of incurring large medical bills without coverage. When individuals do not have insurance, they are responsible for the full cost of any medical services they require, which can be substantial. Medical expenses, especially for emergencies or serious health conditions, can quickly escalate into amounts that are difficult or impossible for an uninsured person to manage.

Without insurance, individuals may delay seeking necessary medical care due to cost concerns, which can lead to more severe health issues and subsequently higher expenses when care is eventually sought. This risk of large medical bills highlights the financial protection and stability that health insurance offers, preventing individuals from being overwhelmed by unexpected healthcare costs. Consequently, having insurance can play a critical role in both financial and health security.