Posted on 01/02/2022 6:15:39 AM PST by Texas Fossil
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.
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,
It’s a 40% increase in claims.
They might have 10 deaths out of 100,000 insured. The next year they have 14 deaths.
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.
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.
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.
You are using CRT math skillz.
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.
“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?
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.
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.
Well said, sir.
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.
You think this guy is saying this because of 14 deaths?!
BWAHAHAHAHAHAHAHAHA
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.
We are talking about thousands of people. They can’t list the cause of death for individuals in the thousands. Good grief.
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.
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.
Reading comprehension is a weak spot, huh? Never made it to the green tab box I guess.
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