Getting access to affordable healthcare is an issue for many Americans. As of 2019 Hispanics (19%) and Blacks (11%) had significantly higher uninsured rates than Whites (8%). Racial disparities persist even in healthcare. Not only does the lack of health insurance prevent people from getting the medical services they need, it also can lead to major financial strain and contributes to keeping large segments of the population in poverty. 


The disparities in access to healthcare and treatment have been seen with the events surrounding the current pandemic, with disproportionate numbers of African Americans being affected by COVID-19. Black Americans are experiencing the highest COVID-19 mortality rates — about 2.3 times as high as the rate for Whites and Asians. These figures parallel the disparities of uninsured individuals among Blacks (11%), Whites (8%) and Asians (7%). The challenges faced by the collective have hit those who have been disproportionately impacted by an inequitable system the hardest. 


The cost of healthcare – a necessary expense – presents a huge financial burden for many Americans. Even with health insurance coverage, high costs often prevent many from getting the care they need because they simply cannot afford it. A 2019 report showed that approximately 137.1 million Americans faced financial hardship that year because of medical costs. As a result many Americans allow conditions to go untreated or fall into debt because of treatment, worsening the challenge of maintaining financial well being.    


True access to affordable healthcare – and eventually universal healthcare – would result in more preventative medicine, adequate treatment, and ultimately, healthier people and less medical costs. This would help to bridge the gap, not only in healthcare, but also in economic and social justice.


“Access to health services ensures healthier people; while financial risk protection prevents people from being pushed into poverty. Therefore, universal health coverage is a critical component of sustainable development and poverty reduction, and a key element to reducing social inequities.” –World Health Organization


There are many moving parts in the agenda to design and implement an integrative financial ecosystem that will empower black households and businesses in America. You can’t undertake economic justice without addressing critical components such as affordable healthcare and other basic needs.


Login to the MoCaFi app to access the affordable healthcare enrollment tool from Stride Health. Right from the MoCaFi app, you can find the best insurance plans at affordable rates from Stride. You’ll be able to compare thousands of plans and find ways to lower your health insurance payments.