Is it still worth having health insurance?

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Are you likely to be better off taking health insurance, or saving up a sum of money to pay for any treatment you might need, yourself?

Health insurance has been back in the news this week after celebrity chef Simon Gault said he was disappointed at the way his Southern Cross policy responded to skin cancer .

He said a mark on his cheek turned out to be cancerous.

"[Southern Cross said] they'd cover me for a standard excision of it, and my surgeon specialist said 'no, you shouldn't do that, you should be getting this Mohs surgery, you'll have a way greater chance of removing all the cancer with that'," Gault told RNZ.