Jan 04, 2022 12:00:00

'The mortality rate of people aged 18-64 is 40% higher than before the pandemic,' said the CEO of a life insurance company.

In the United States, where the vaccination completion rate for the new coronavirus infection (COVID-19)

is the lowest among the G7 , the number of newly infected people per day exceeded 400,000 for three consecutive days at the end of December 2021. Even at the time of writing the article, the spread of COVID-19 infection continues. Meanwhile, it is reported that the CEO of One America, a life insurance company in Indiana, western United States, said, 'The mortality rate of people aged 18 to 64 years old is 40% higher than before the pandemic.' increase.

Indiana life insurance CEO says deaths are up 40% among people ages 18-64 | Indiana | thecentersquare.com
https://www.thecentersquare.com/indiana/indiana-life-insurance-ceo-says-deaths-are-up-40-among-people-ages-18-64/article_71473b12-6b1e-11ec-8641-5b2c06725e2c. html

Insurance executive says death rates among working-age people up 40 percent
https://www.wfyi.org/news/articles/insurance-death-rates-working-age-people-up-40-percent

Founded in 1877, One America is a life insurance company based in Indianapolis, Indiana, which provides group annuities, benefits services and group life insurance for businesses. Scott Davison, CEO of OneAmerica, said in an online talk hosted by the Indiana Chamber of Commerce on December 30, 2021, 'We are now the highest mortality in history, not just in OneAmerica, but across the life insurance industry. We are checking rates. This data is consistent across all players in the life insurance industry. '

According to Davison, the increase in deaths in Pandemic is 'a very large number', with the deaths of 'mainly working-age people aged 18-64' who take out group life insurance through a company that contracts with One America. The number of people is increasing in particular.

'We continue to see that mortality (in working-age people) is 40% higher than before the pandemic from the third quarter to the fourth quarter,' said Davison. The 40% increase is unprecedented, saying that even a 'every 200-year catastrophe' would not cause such a rise in mortality.

Most of the cases of death submitted to One America are not classified as 'death due to COVID-19'. 'The data show us that the number of deaths reported as'COVID-19 deaths' largely underreports the deaths of people of working age due to pandemics,' said Davison. That's it, 'he said, suggesting that the actual number of deaths from COVID-19 may be higher than reported.

The Centers for Disease Control and Prevention (CDC) calculation based on death certificates shows that the number of deaths from COVID-19 in Indiana was 195 during the week from October 31, 2021 to November 6, 2021. , Down from 336 reported at the same time last year. However, the number of deaths due to other causes of death during the same period was 1350 in 2021 and 1319 in 2020, and the total number of deaths is increasing.

Brian Taber, chairman of the Indiana Hospital Association, spoke at the same December 30 event as CEO Davison, saying that hospitals in Indiana are flooded with patients with many different conditions: 'The average Indiana citizen. Unfortunately, my health is getting worse during the pandemic. ' As of the end of December, only 8.9% of the intensive care units (ICUs) in Indiana were available, the lowest of any time during the pandemic.

According to Taber, many hospitals in the state do not have a breakdown of what illnesses or symptoms patients are hospitalized with. But the increase in mortality, CEO Davison said, confirms the situation hospitals in the state are experiencing, Taber claims.

In addition, One America is experiencing not only an increase in the number of deaths during the pandemic, but also an increase in insurance premium claims due to disabilities. CEO Davison said the premium would be higher as this cost would be passed on to employers who purchase group life insurance.