by eezybizz.com
If you want to spark a spirited debate at your next social gathering, just try bringing up the subject of health insurance. You will undoubtedly set off a firestorm of opinions.
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Health insurance is a legal contract between two or more parties that promises certain performance in exchange for considerations. A health insurance policy is considered a unilateral contract. This is because only one party (the insurer) is required to fulfill their obligation. While a policy owner may decide to terminate premium payments, as long as the payments are paid the insurer must meet their responsibility under the contract.