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Catastrophic health shocks do enormous damage to families both economically and otherwise, and are easy to insure, because nobody gets them on purpose. On the other hand, insurance policies that only treat certain catastrophic illnesses are hard to comprehend, especially of you are illiterate and unused to the legalistic nature of exclusions etc.
Abhijit Banerjee
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"Catastrophic health shocks do enormous damage to families both economically and otherwise, and are easy to insure, because nobody gets them on purpose. On the other hand, insurance policies that only treat certain catastrophic illnesses are hard to comprehend, especially of you are illiterate and unused to the legalistic nature of exclusions etc."
— Abhijit Banerjee #healthfitness

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Catastrophic health shocks do enormous damage to families both economically and otherwise, and…

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Catastrophic health shocks do enormous damage to families both economically and otherwise, and are easy to insure, because nobody gets them on purpose. On the other hand, insurance policies that only treat certain catastrophic illnesses are hard to comprehend, especially of you are illiterate and unused to the legalistic nature of exclusions etc. — Abhijit Banerjee

About Abhijit Banerjee

Abhijit Banerjee was a Economist from United States (1961–present).

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Frequently Asked Questions

Who said "Catastrophic health shocks do enormous damage to families both economically and…"?
This quote is attributed to Abhijit Banerjee, a Economist from United States.
When did Abhijit Banerjee live?
Abhijit Banerjee lived from 1961 – present.
What is this quote about?
This quote touches on Health & Fitness. Browse more quotes on these themes from the categories page.