Are healthcare and health insurance expensive in Caracas?

"Healthcare and health insurance in Caracas, can be quite expensive, especially for those without proper coverage. The public healthcare system is often overwhelmed, with limited resources and long waiting times, leading many to seek private healthcare options. Private healthcare facilities offer better quality services but at a higher cost. Additionally, the economic crisis in the country has led to a shortage of medical supplies and medications, further driving up the costs. Health insurance is also expensive, and not all citizens can afford it, leaving them vulnerable to high out-of-pocket expenses in case of illness or injury," remarked another expat who made the move to Caracas, Venezuela.