Question

most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because

Answer 1

Its cheaper for long terms depending on the amount you pay for the premium and out of pocket medical expenses can be expensive and at a random and unnecessary time

Answer 2

Paying insurance is affordable than paying out of pocket.

Explanation:

Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because - the medical costs are extremely high now a days, and paying insurance premiums is an easier task that paying a lump sum amount in the hospital.

Paying insurance is more cheaper and affordable than out-of-pocket medical expenses.