Mental health-related issues affect more than 50 million Americans. The insurance industry has a chance to step up and make a difference for society.
The 2020s are shaping up to be an interesting decade — and we’ve barely begun. A global pandemic, escalating natural catastrophes, war in Ukraine, ChatGPT and advanced AI capabilities … the list goes on.
We’re experiencing quite a lot of devastation and innovation in a short amount of time.
It’s leading many to take pause and question how we are doing. Society’s collective mental health is suffering, as seen by the numbers. A 2023 Mental Health America report found 20.78% of adults experience a mental illness. That is equivalent to over 50 million Americans.
Of those suffering with a mental illness, 54.7% are not receiving treatment — that’s close to 28 million people. Listed by 42% of respondents as the top reason why they were going untreated was the inability to afford care. Mental Health America also reported that 10.8% (over 5.5 million) adults with a mental illness are uninsured…