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Health Insurance, Life Insurance, Car Insurance

3/17/2020

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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)
A small, two-door car that crashed head-on into a tree on the side of the road
Car after crashing into a tree (Credit: "Car crash, Karrinyup Road Stirling" by perthhdproductions | CC BY 2.0)

Jubalyn ExWilliams lives in Pennsylvania (United States). You can find her writings and perspectives, including the one on "New Report: If Financial Inclusion for Black Americans was Fully Achieved, Financial Services Firms Could Collect an Extra $60 Billion in Annual Revenue," at landturn.com/blog.

Related: "The Price We Pay" (Makary)" (2020)
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Related: Working conditions as a home health aide (2020)
Related: The marijuana advocacy one Pa. legalization lawmaker overlooked (2021)
Related: Americans also have medical debt (2020)
Related: As American as Student Loan Debt (2020)
Related: "Medical Racism" documentary (2021)
Related: Green candidate for senator on special prosecutors, student loan debt (2022)

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