Rachel Adams Greenup, Ralph Koijen, J. Leonard Lichtenfeld, Stijn Van Nieuwerburgh, 25 September 2020

The COVID-19 pandemic has overwhelmed US hospitals and health systems, but at the same time many households are forgoing medical care due to financial insecurity and the withdrawal of employer-sponsored health insurance in the wake of massive job losses. This column proposes a private sector solution whereby life insurers provide interest-free loans to their policyholders be used for health insurance payments. This would be profitable for the life insurance companies, which have a financial interest in the wellbeing and survival of their policyholders, and would allow the policyholders to enjoy continuation of medical care. 

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