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GLP-1s are breaking life insurance

glp1digest.com

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Re: GLP-1s are breaking life insurance

#101

Post by 44520297 »

animal_spirits wrote: post #82
44520297 wrote: post #59

Earlier quoted context omitted.

Which other self-inflicted medical conditions do we deny medical care for?

We prescribe alcoholics with medicine to help them curb their alcohol intake, but if they do not learn the discipline to not drink then they can end up back where they started after getting off the medicine. But I don't think either drugs for alcoholism or obesity should be denied to anyone. However there are other tools to supplement with to help learning discipline.

>However there are other tools to supplement with to help learning discipline.

The current FDA guidelines support your assertion that GLP1s should be prescribed in addition to other tools to help people change their eating habits.

What the FDA does not prescribe is moralism, which is what “help learning discipline” tends to imply. If you didn’t intend to frame your argument in terms of moralism, you might consider a different word choice.

Re: GLP-1s are breaking life insurance

#102

Post by [deleted] »

hiAndrewQuinn wrote: post #53
ramoz wrote: post #38

Earlier quoted context omitted.

Can you explain what sucks about being on the prescriptions?

I'm just reporting my cached knowledge of people saying they experienced some adverse side effects. Also injections are not fun, even though they are probably a lot less annoying than they look.

[deleted]

Re: GLP-1s are breaking life insurance

#103

Post by paulpauper »

romaaeterna wrote: post #16

The problem (not new with GLP-1s) is that people lose weight, get life insurance, and then regain. The biggest part of that equation is regain part. Most people quit GLP-1s because of costs. Let's fix that.

I think they quit also because they see it is working and no longer feel like they need to use it

Re: GLP-1s are breaking life insurance

#105

Post by Marsymars »

hiAndrewQuinn wrote: post #49
jiveturkey wrote: post #43

Earlier quoted context omitted.

For a single person, perhaps fortunate. What about in aggregate? What if the math is so bad that your life insurer goes bankrupt?

... I just switch life insurance providers? Seriously, that's just not that big of a deal. It takes like a few days at most for simple term life. Can't speak to the other policies, which I understand are mostly tax vehicles anyway, but it's not hard to simply get a new life insurance policy if your current one goes kaput.

That’s a pretty bad deal if you’re 10 years into a 20-year term, and your rates were determined prior to a decade of inflation and new pre-existing conditions.

Re: GLP-1s are breaking life insurance

#106

Post by darth_avocado »

DavidPeiffer wrote: post #69
hiAndrewQuinn wrote: post #49

Earlier quoted context omitted.

... I just switch life insurance providers? Seriously, that's just not that big of a deal. It takes like a few days at most for simple term life. Can't speak to the other policies, which I understand are mostly tax vehicles anyway, but it's not hard to simply get a new life insurance policy if your current one goes kaput.

You will be going through underwriting again, your new rate will be based on starting at an older age, and you'll have a new exclusion period begin (unless there are some provisions which prevent these in the event of a company failure). Hopefully you haven't had any significant health conditions present themselves since the original policy went into effect.

Insurance companies will find any and every reason to not insure you. A slight change in lifestyle could mean you are no longer covered.

Re: GLP-1s are breaking life insurance

#107

Post by yumraj »

linsomniac wrote: post #98
hiAndrewQuinn wrote: post #23

So... There's a miracle drug powerful enough to robustly lower people's all cause mortality, but since health insurance and life insurance are industries with vastly different time preferences, this is not a good thing for the life insurers because people just keep getting off the magic longevity drug and screwing up their predictions. Because, admittedly, it kind of sucks in the moment to be on. And I'm guessing jus…

>There's a miracle drug powerful enough to robustly lower people's all cause mortality Did I misread the article, my TL;DR of the article is that GLP-1 reduce the indicators or mortality without modifying the actual mortality (because most users return to normal indicators within about 2 years).

> because most users return to normal indicators within about 2 years

Because they stop taking GLP-1s after 1-2 years, not, it seems, because the meds stop working.

Re: GLP-1s are breaking life insurance

#108

Post by paulpauper »

jamesgill wrote: post #104

In 2023, the life insurance industry took in >$3 trillion dollars in premiums. That same year, it paid out roughly $800B in claims. TL;DR: there's no violin tiny enough for me to play for the life insurance industry's 'woes'.

yes, there is a reason why BRK.A/B stock has done so well ,even while sitting in tons of cash. Geico is a cash cow.

Re: GLP-1s are breaking life insurance

#109

Post by firesteelrain »

mikhailt wrote: post #93
Sparkle-san wrote: post #33

Earlier quoted context omitted.

[flagged]

That's a great idea! Can you show me what we're doing in USA to help children and people develop the habits and discipline for long term lifestyle change? Because I've never learned anything about nutrition, macros, high sugar content and all of the healthy food I should learn to eat on my own. We did not have home classes in any of my education in US at all, they were a thing in the past but that wasn't a thing in m…

Yep, that’s key. That’s the lesson I learned as I commented above as GP.

My work offered me five visits with a dietician and then I got a health coach and a nurse all paid for and monitoring me on the side through the Vida service. Not everyone has that

Re: GLP-1s are breaking life insurance

#110

Post by readthenotes1 »

linsomniac wrote: post #98
hiAndrewQuinn wrote: post #23

So... There's a miracle drug powerful enough to robustly lower people's all cause mortality, but since health insurance and life insurance are industries with vastly different time preferences, this is not a good thing for the life insurers because people just keep getting off the magic longevity drug and screwing up their predictions. Because, admittedly, it kind of sucks in the moment to be on. And I'm guessing jus…

>There's a miracle drug powerful enough to robustly lower people's all cause mortality Did I misread the article, my TL;DR of the article is that GLP-1 reduce the indicators or mortality without modifying the actual mortality (because most users return to normal indicators within about 2 years).

"If we assume about 65% of people who start GLP-1 medications quit by the end of year one, that creates a big problem. When someone stops the medication, they'll usually regain the weight they lost, and in two years, most of those key health indicators (like BMI, blood pressure, blood sugar and cholesterol) bounce back to their starting point. "

So in addition to the quitters returning back to normal after they got life insurance underwritten when they were healthy, we have the unknown of the longevity of people on the glp-1 drugs.

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