Coronavirus could cause health insurance premiums to spike up to 40 percent next year

[JSt0rm]

Coronavirus could cause health insurance premiums to spike up to 40 percent next year

With so much still uncertain about how widespread hospitalizations for coronavirus patients will be around the United States, a new analysis says premiums could increase as much as 40% next year if…

www.chicagotribune.com

single payer healthcare here we come. To bad it takes the deaths of hundreds of thousand to wake people up.

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Depending on how many people need care, insurers, employers and individuals could face anywhere from $34 billion to $251 billion in additional expenses from the testing and treatment of COVID-19. according to the analysis. At the high end, the virus would add 20% or more to current costs of roughly $1.2 trillion a year.

 

[blackangst1]

It will be interesting to see what happens. Its also interesting the death rates in the USA are so much lower than countries with single payer

COVID-19 death rate by country 2022| Statista

COVID-19 deaths per capita were 2 to 3 times higher in Italy, the UK and Belgium than in the United States.

www.statista.com

 

[Paratus]

Coronavirus could cause health insurance premiums to spike up to 40 percent next year

With so much still uncertain about how widespread hospitalizations for coronavirus patients will be around the United States, a new analysis says premiums could increase as much as 40% next year if…

www.chicagotribune.com

single payer healthcare here we come. To bad it takes the deaths of hundreds of thousand to wake people up.

--------------

Depending on how many people need care, insurers, employers and individuals could face anywhere from $34 billion to $251 billion in additional expenses from the testing and treatment of COVID-19. according to the analysis. At the high end, the virus would add 20% or more to current costs of roughly $1.2 trillion a year.

So a cut in health insurance price increase compared to a normal year then?

 

[pmv]

It will be interesting to see what happens. Its also interesting the death rates in the USA are so much lower than countries with single payer

COVID-19 death rate by country 2022| Statista

COVID-19 deaths per capita were 2 to 3 times higher in Italy, the UK and Belgium than in the United States.

www.statista.com

Not really. That's a dumb way to work out the death rate, and doesn't mean much. Will be interesting to see the total death rate relative to the population after this has run its course, though. Even that will need careful analysis though, as different countries can differ in how the ascribe the cause of death.

{edit} I guess you'd also have to allow for age. Maybe years-of-life-lost would be the relevant metric? Probably nothing will be definitively agreed-upon and there will be many arguments about this whole affair for decades to come.

{edit2} Really that seems like a disengenuous comment on your part - you can't seriously claim not to know the huge problems with defining death-rate that way, nor the absurdity of comparing numbers for countries at very different stages of the epidemic (it's barely gotten started in the US). So I'm going to assume you are only saying that to try and bolster your own political beliefs (which you must have some doubts about or you wouldn't need to make such weak arguments to try and convince yourself).
In fact deaths per-capita are already higher for the US than for several countries with forms of socialised-health care, but it's far, far too early to conclude anything anyway.

 

[blackangst1]

Not really. That's a dumb way to work out the death rate, and doesn't mean much. Will be interesting to see the total death rate relative to the population after this has run its course, though. Even that will need careful analysis though, as different countries can differ in how the ascribe the cause of death.

{edit} I guess you'd also have to allow for age. Maybe years-of-life-lost would be the relevant metric? Probably nothing will be definitively agreed-upon and there will be many arguments about this whole affair for decades to come.

Ok so...math is dumb.

Got it!

 

[woolfe9998]

It will be interesting to see what happens. Its also interesting the death rates in the USA are so much lower than countries with single payer

COVID-19 death rate by country 2022| Statista

COVID-19 deaths per capita were 2 to 3 times higher in Italy, the UK and Belgium than in the United States.

www.statista.com

You mean ours is lower...than the ones that are higher. You need to look further down that list. Canada has half our death rate, for example.

 

[ch33zw1z]

Ok so...math is dumb.

Got it!

You will have to prove it's because of single payer specifically if you want to ignore all other variables. yea, math can be dumb...

 

[pmv]

Ok so...math is dumb.

Got it!

#
No, no - your maths is dumb. Not maths in general.

 

[blackangst1]

You will have to prove it's because of single payer specifically if you want to ignore all other variables. yea, math can be dumb...

Why would I prove something that wasn't my point?

 

[blackangst1]

You mean ours is lower...than the ones that are higher. You need to look further down that list. Canada has half our death rate, for example.

Ok? And?

 

[pmv]

Why would I prove something that wasn't my point?

If you didn't have a point, what was...your point in saying that arbitrary ratio was 'interesting'? Wherein lies the interest?

 

[blackangst1]

If you didn't have a point, what was...your point in saying that arbitrary ratio was 'interesting'? Wherein lies the interest?

That our death rate is pretty low compared to many other countries.

 

[pmv]

That our death rate is pretty low compared to many other countries.

And, as I said, that figure is _not_ really the death rate. You do know that, right? As you also know that you are comparing different stages of the epidemic, which doesn't really make sense.

 

[blackangst1]

And, as I said, that figure is _not_ really the death rate. You do know that, right? As you also know that you are comparing different stages of the epidemic, which doesn't really make sense.

So educate me. What are the real death rate numbers?

 

[ch33zw1z]

Why would I prove something that wasn't my point?

Then make your point about the numbers. Because in two posts, that was your point.

 

[cytg111]

Ok so...math is dumb.

Got it!

I think the MATH is telling you that your infection rate has been so FAST that the death toll have not caught up to real time just yet..
Imagine MATH, where something growing exponentially tails a % death rate 2 months later... would you derive those two growth factors to be the same?

 

[blackangst1]

Then make your point about the numbers. Because in two posts, that was your point.

I did. Post 12.

 

[blackangst1]

I think the MATH is telling you that your infection rate has been so FAST that the death toll have not caught up to real time just yet..
Imagine MATH, where something growing exponentially tails a % death rate 2 months later... would you derive those two growth factors to be the same?

I wouldnt expect the percentages to remain constant. Never implied that either.

 

[pmv]

So educate me. What are the real death rate numbers?

Nobody really knows. It's too early to be able to say. You don't know how many undiagnosed cases there are out there, not being counted, for one thing. You also don't know for sure if every country is defining 'cause of death' the same way. You also aren't considering the age-profile of those being infected, and most of all the epidemic is only getting started - you could, for example, have a situation where all the early cases are among young people...then the rate goes up hugely when it reaches the older population. It might go up a lot if the medical system gets overwhelmed. Or not.

You could ignore 'total number of cases' and just look at those that have run to completion - the total of 'died' plus 'recovered'. But that still won't be correct both because of those who never got diagnosed but recovered, and because of those who are infected but haven't died or recovered yet.

The figure I'd personally pay attention to is the deaths per capita. That gives a measure of what really matters - how well a system, considered in total, keeps people alive overall, regardless of infection figures. But it's way, way, too early to judge that (and you still need to consider age).

 

[cytg111]

I wouldnt expect the percentages to remain constant. Never implied that either.

shit

 

[ch33zw1z]

I did. Post 12.

Do you think it's because of single payer? Because that's how you started in this thread.

Here's the numbers:

Coronavirus Update (Live): 138,024,148 Cases and 2,972,039 Deaths from COVID-19 Virus Pandemic - Worldometer

Live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, tests, and death toll due to the COVID-19 coronavirus from Wuhan, China. Coronavirus counter with new cases, deaths, and number of tests per 1 Million population. Historical data and info. Daily...

www.worldometers.info

and, because we were so slow to get actual tests to the field, arguably by design, we can't put a real number on either actual infections or deaths. So there will be some margin of error involved.

 

[blackangst1]

Do you think it's because of single payer? Because that's how you started in this thread.

Here's the numbers:

Coronavirus Update (Live): 138,024,148 Cases and 2,972,039 Deaths from COVID-19 Virus Pandemic - Worldometer

Live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, tests, and death toll due to the COVID-19 coronavirus from Wuhan, China. Coronavirus counter with new cases, deaths, and number of tests per 1 Million population. Historical data and info. Daily...

www.worldometers.info

and, because we were so slow to get actual tests to the field, arguably by design, we can't put a real number on either actual infections or deaths. So there will be some margin of error involved.

Edit: I didnt say it was because of, I was simply stating its interesting There are single payer countries with MAUCH higher death tolls, and countries with single payer with MUCH lower ones.

 

[cytg111]

I wouldnt expect the percentages to remain constant. Never implied that either.

Compare these two graphs, the first, spot the difference?

Italy COVID - Coronavirus Statistics - Worldometer

Italy Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.

www.worldometers.info

United States COVID - Coronavirus Statistics - Worldometer

United States Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.

www.worldometers.info

Add to that that Italy had its medical facilities run over ... if you can avoid that and give proper treatment to EVERYBODY, expect to land at ~1%... you are already at 2% right? So ....
But until you get further in you dont know if your hospitals will be up to the task. NY is stretching thin right now.

 

[ch33zw1z]

I NEVER mentioned single payer. The OP did.

It will be interesting to see what happens. Its also interesting the death rates in the USA are so much lower than countries with single payer

COVID-19 death rate by country 2022| Statista

COVID-19 deaths per capita were 2 to 3 times higher in Italy, the UK and Belgium than in the United States.

www.statista.com

Ok so...math is dumb.

Got it!

So did you, and you claimed sarcastically math is dumb because someone disagreed it supported your assertion that death rates in the USA is due to NOT having a single payer system. I mean, you may be able to run your word games on others, but it's right there for all to see. Maybe you should just say what you mean, and mean what you say.

 

[soulcougher73]

Ok so...math is dumb.

Got it!

Oh it’s not the math that is dumb.