The insurance industry had excessive claims in 2020 and simply attributed it to COVID. Now, they are baffled in 2021 because their claims are rising but COVID apparently isn’t what is driving it. They are going back to square one and trying to figure out what the heck is going on.
Plus I will bet that the CEO has a pretty good idea but has to be very careful. The insurance companies are deep deep into the medical industry. Medicare. prescription drug insurance, hospital employee coverage, etc.
All regulated and harassed by the federal government. He has to be careful in his public statements.
However this is news so big that it can not be covered up forever. He does not have to be the hero and get shot in the back for it. The truth will out and it is not long in coming.
The first step to start the process is to dive into the numbers and look at what is different. What has changed.
One of the things we need to remind ourselves of is that workers at the tail end of the baby boom are just entering their 60’s. That’s a big bubble at the older tail end of the population curve.
Other issues are the changes in work conditions. Remember, this statistic is not going to measure people who aren’t working.
Obviously, COVID, vax reactions, and delayed diagnosis stuff will impact this group as well.
My only point in this is to not get steamrolled by the %s used. And you cannot apply that single data point to the population.