Health insurance -- above all, private health insurance -- averages higher premiums (or deductibles) than does car or life insurance. The outline of McKinsey's Financial Inclusion Puzzle, however, reminds me that health insurance is no less a mitigator against key risks. Access to affordable health insurance or some other third-party payer is not a luxury; it's part of financial well-being and, as McKinsey puts it, "financial inclusion."
A comment on "New Report: If Financial Inclusion for Black Americans was Fully Achieved, Financial Services Firms Could Collect an Extra $60 Billion in Annual Revenue" (J. McKinney).
Related: "The Price We Pay"
Related: Medical Marijuana (2021)
Related: Medical Debt
Related: Student Loan Debt (2020)
Related: "Medical Racism" (2021)