Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Insurance CEO says deaths up 40% among working age people, and it's not just COVID
Just the News ^ | Jan 1, 2022 at 11:22PM | Margaret Menge

Posted on 01/02/2022 6:15:39 AM PST by Texas Fossil

The head of OneAmerica insurance said the death rate is up a stunning 40% from pre-pandemic levels among working-age people.

“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”

OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.

Davison said the increase in deaths represents “huge, huge numbers,” and that’s it’s not elderly people who are dying, but “primarily working-age people 18 to 64” who are the employees of companies that have group life insurance plans through OneAmerica.

“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.

“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.”

(Excerpt) Read more at justthenews.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: 40; conspiracies; death; deaths; fentanyl; insurance; rate; setter; setterwashere; suicide; up; vaccines
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 201-215 next last
To: TheConservativeTejano

It is a 40% increase in deaths over pre-pandemic deaths in that age group. It’s not 40% of people in that age group. Statistics can be tricky.


61 posted on 01/02/2022 7:26:23 AM PST by gspurlock (http://www.backyardfence.wordpress.com)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Fresh Wind
Maybe it’s an excuse to raise rates.
Exactly. At the same time, laying the groundwork for an eventual government (i.e., taxpayer) bailout.
62 posted on 01/02/2022 7:26:51 AM PST by Blurb2350 (posted from my 1500-watt blow dryer)
[ Post Reply | Private Reply | To 43 | View Replies]

To: philman_36
philman_36: Are you stupid, inept or can't you read? The head of OneAmerica insurance said the death rate is up a stunning 40% from pre-pandemic levels among working-age people. 40% of their insurance policy holders are dead, not 40% of Americans.

No, not 40% of their insurance policy holders are dead! Rather, only the death rate has risen by 40% (say, from 1% to 1.4%).

Are you stupid, inept or can't you read? (Sorry, but those were your words!)

Regards,

63 posted on 01/02/2022 7:27:45 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Maskot
They are dying from whatever they want them to die from. The truth is now irrelevant. When they were trying to scare the sheep, it was Covid. When they want to reduce the Covid death rate, it will be something else. The truth has no place in anything any longer.
64 posted on 01/02/2022 7:27:59 AM PST by sport
[ Post Reply | Private Reply | To 2 | View Replies]

To: Vermont Lt

It’s a 40% increase in claims.

They might have 10 deaths out of 100,000 insured. The next year they have 14 deaths.


You point is valid. But the question of the increase is ALSO valid.

I think you understand that but many can’t see the whole picture. Much easier to focus on a detail than the complicated situation with complicated answers.


65 posted on 01/02/2022 7:31:05 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 57 | View Replies]

To: Maskot
Funny how they’re not saying what these people are dying from, just that they died. 🤔

Three weeks ago I was at a funeral for a friend & co-worker who died with Covid. I say "with Covid" because he had it, we all knew it because he was working from home like we all are, and let us all know he had it.

He was found in his chair, in front of his work laptop on a Monday. He passed away three days prior (Friday). When no one saw him online and he missed his first Monday morning meeting, the police in his town were asked to do a health and welfare check on him, and that's who found him.

He died of a heart attack while he had Covid.

He's not the first to pass away like that over the past nearly two years now. We're all quite literally getting worked to death, those of us who are still working that is. Especially so in FinTech. So many have up and quit and the workload just keeps increasing on those of us who are left.

66 posted on 01/02/2022 7:31:57 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 2 | View Replies]

To: Alberta's Child
Technically you may be correct, but I doubt that you are in real life.

Imagine you are the actuary for this insurance company.

All of a sudden you see the death rates skyrocket for certain companies which you have insured.

You are going to do some investigating to find out why, whether it is an anomaly, whether it is a change in working conditions in that industry or only in that specific company...or whatever. You are not going to ignore it.

So I will bet money the insurance company knows or at least working hard to find out.

67 posted on 01/02/2022 7:34:27 AM PST by old curmudgeon (There is no situation so bad that the federal government can not make worse.)
[ Post Reply | Private Reply | To 55 | View Replies]

To: philman_36

You are using CRT math skillz.


68 posted on 01/02/2022 7:36:37 AM PST by Paladin2
[ Post Reply | Private Reply | To 45 | View Replies]

To: philman_36

You never worked much with statistics have you?

Claims against a group life policy are tiny. As I wrote, 10 claims for a very large customer is normal. A 40% increase in claims puts it at 14.

It’s interesting, but not “stop the presses.”

Considering how much preventative care went un-performed during the last year, it’s not really a surprise. Consider all of the prostate and mammograms that went undone—that will lead to bad outcomes,

There is a lot to chew on in a small article. But without a lot more information, it’s not really doing anything but getting folks worked up.


69 posted on 01/02/2022 7:37:38 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 60 | View Replies]

To: mewzilla

“The new policy provides applicants, as well as medical authorities, coroners and jurisdictions, flexibility to attribute a death to COVID-19 without amending the death certificate.”

~~~

What would this suggest?
That there is a a real pandemic killing Americans, but covid19 is just a cover for it?

Even if the CDC and all their related ilk were just profiting from increased pandemic numbers, even though these are not supposed to operate with motives like profit driven corporations, does that really explain the motive to boost covid-19 death stats among those who didn’t die form it?


70 posted on 01/02/2022 7:38:00 AM PST by z3n (Kakistocracy)
[ Post Reply | Private Reply | To 39 | View Replies]

To: sphinx

High crime rates cause stress.

Every Republican wonders if the FBI (the thug arm of the democrat party) is gunning for them for daring to have an R by their name and having voted for Trump.

I’m watching Chuck Todd and he’s almost hysterical in his abject fear and hatred of conservatives. He’s acting like Trump is still sitting in the White House - refusing to leave. In fact, Trump left the White House on the exact day he was suppose to leave. And while many of us have doubts about the honesty of Democrats - the only tool our side has used via the last election has been the American legal system.

That’s stressful. And could contribute to the uptick in deaths.


71 posted on 01/02/2022 7:40:01 AM PST by GOPJ (Biden talks big and carries a little stick.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: old curmudgeon
You’re correct about what the insurance companies will be doing from this point forward, but the process I described has been the standard practice for years. That’s why the CEO of this company doesn’t know all the underlying factors in these rising claims right now.

The insurance industry had excessive claims in 2020 and simply attributed it to COVID. Now, they are baffled in 2021 because their claims are rising but COVID apparently isn’t what is driving it. They are going back to square one and trying to figure out what the heck is going on.

72 posted on 01/02/2022 7:40:40 AM PST by Alberta's Child ("All lies and jest; still, a man hears what he wants to hear and disregards the rest.")
[ Post Reply | Private Reply | To 67 | View Replies]

To: RetiredArmy

Well said, sir.


73 posted on 01/02/2022 7:43:00 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: PeterPrinciple

My wife and I were just talking about this. There are a lot of reasons this could be happening—and it is worthy of examination. But this story provides very little detail.

The larger issue is that stories like this will be posted all over the internet as “an example.” But…without details, it’s anecdotal and is an example of anything, or everything. Without more information, it’s merely a data point. One that should be watched—but one data point is not a trend.

My only point is to be careful with stories like this.


74 posted on 01/02/2022 7:43:43 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 65 | View Replies]

To: Vermont Lt
A 40% increase in claims puts it at 14.

You think this guy is saying this because of 14 deaths?!
BWAHAHAHAHAHAHAHAHA

75 posted on 01/02/2022 7:44:21 AM PST by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
[ Post Reply | Private Reply | To 69 | View Replies]

To: Vermont Lt
As I wrote, 10 claims for a very large customer is normal. A 40% increase in claims puts it at 14. It’s interesting, but not “stop the presses.”

Now multiply that by 100 customers and you have 1,400 claims when you'd typically have 1,000. And keep in mind that every major insurer is reporting the same trend. That’s very much a “stop the presses” story for the industry.

76 posted on 01/02/2022 7:47:11 AM PST by Alberta's Child ("All lies and jest; still, a man hears what he wants to hear and disregards the rest.")
[ Post Reply | Private Reply | To 69 | View Replies]

To: Texas Fossil
Yes. But for insurance companies, it does not really matter. If they have an insurance policy and they die, they are expected to pay. Cause of death?“.

We are talking about thousands of people. They can’t list the cause of death for individuals in the thousands. Good grief.

77 posted on 01/02/2022 7:47:29 AM PST by precisionshootist
[ Post Reply | Private Reply | To 11 | View Replies]

To: Alberta's Child

Plus I will bet that the CEO has a pretty good idea but has to be very careful. The insurance companies are deep deep into the medical industry. Medicare. prescription drug insurance, hospital employee coverage, etc.

All regulated and harassed by the federal government. He has to be careful in his public statements.

However this is news so big that it can not be covered up forever. He does not have to be the hero and get shot in the back for it. The truth will out and it is not long in coming.


78 posted on 01/02/2022 7:48:56 AM PST by old curmudgeon (There is no situation so bad that the federal government can not make worse.)
[ Post Reply | Private Reply | To 72 | View Replies]

To: Alberta's Child

The first step to start the process is to dive into the numbers and look at what is different. What has changed.

One of the things we need to remind ourselves of is that workers at the tail end of the baby boom are just entering their 60’s. That’s a big bubble at the older tail end of the population curve.

Other issues are the changes in work conditions. Remember, this statistic is not going to measure people who aren’t working.

Obviously, COVID, vax reactions, and delayed diagnosis stuff will impact this group as well.

My only point in this is to not get steamrolled by the %s used. And you cannot apply that single data point to the population.


79 posted on 01/02/2022 7:49:38 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 72 | View Replies]

To: philman_36

Reading comprehension is a weak spot, huh? Never made it to the green tab box I guess.


80 posted on 01/02/2022 7:50:47 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 75 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 201-215 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson