Earlier quoted context omitted.
400 people died of Covid...out of 350 million yesterday. How much do you think the actuaries would increase insurance cost for numbers like that? Doesn't seem like that's a huge risk increase. And 90% of those are in the above 75 years old age group with the highest maximum risk calculated in already. I bet there's not a single actuary that is worried about Covid.
Average cost of hospital care for COVID-19 ranges from $51,000 to $78,000, based on age. https://www.healthcarefinancenews.com/news/average-cost-hosp... (Nov 2020) Vaccination reduces the risk of hospitalisation by 25x. (CDC data, 29 July 2021, leaked report). I don't have good data on hospitalisations, though for quite some time early in the pandemic it was about 15% of all detected cases. I strongly suspect it's lo…
I change my mind. You all are correct. We should definitely raise the price of insurance for Covid.
It would eliminate people unnecessarily going to the hospital, and getting frivolous treatment...and would give a more accurate number of people who actually need hospitalization.
If you go to the hospital for the sniffles and test positive for Covid, the hospital will put you in a bed for two weeks for monitoring... because it's profitable.