AUDIO – DIET COKE? –
Dec. 12, 2023 – Food and Drug Administration Commissioner Robert Califf recently took to X to mourn the “catastrophic” decline in U.S. life expectancy. Annual deaths for all causes should be back to pre-pandemic levels — or even lower! Instead, the death toll remains “alarming,” “disturbing,” and deserving of “urgent attention,” according to insurance industry articles.
Actuarial reports — used by insurers to inform decisions — show deaths occurring disproportionately among young working-age people. Nonetheless, America’s chief health manager, the Centers for Disease Control and Prevention, opted in September to archive its excess deaths webpage with a note stating, “these datasets will no longer be updated.”
Money, of course, is a motivating issue for insurers. In 2020, death claims took their biggest one-year leap since the 1918 influenza scourge, jumping 15.4 percent to $90 billion in payouts. After hitting $100 billion in 2021, claims slowed in 2022, but are still above 2019. Indemnity experts are urging the adoption of an early-warning program to detect looming health problems among people with life insurance and keep them alive.
Unlike in the pandemic’s early phase, these deaths are not primarily among the old. For people 65 and over, deaths in the second quarter of 2023 were 6 percent below the pre-pandemic norm, according to a new report from the Society of Actuaries. Mortality was 26 percent higher among insured 35-to-44-year-olds, and 19 percent higher for 25-to-34-year-olds…
