National Health Insurance
Definition - What does National Health Insurance mean?
National health insurance is health insurance that the federal government of a nation provides to its citizens. This insurance coverage is generally funded through taxation.
Insuranceopedia explains National Health Insurance
The benefit of national health insurance is that it prevents citizens who could not otherwise afford health insurance from having to go without it. The downside, however, is that it is usually very expensive and can result in a significant increase in taxes.
Nations that have adopted national health insurance include Norway, New Zealand, Japan, Germany, Belgium, the United Kingdom, Kuwait, Sweden, Bahrain, Canada, the Netherlands, and Austria.