OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.
Age Between 18 - 64 - The increase in deaths represents “huge numbers,” and that’s it’s not elderly people who are dying, but “primarily working-age people 18 to 64” who are the employees of companies that have group life insurance plans through OneAmerica. This happens in third quarter and forecasted to continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic.
A one-in-200-year catastrophe would be 10% increase over pre-pandemic. A 40% is just unheard of. Most of the claims for deaths being filed are not classified as COVID-19 deaths.
The data is showing to us is that the deaths that are being reported as COVID deaths greatly understate the actual death losses among working-age people from the pandemic. It may not all be COVID on their death certificate, but deaths are up just huge, huge numbers.
Disability Claim - At the same time, the company is seeing an “uptick” in disability claims, saying at first it was short-term disability claims, and now the increase is in long-term disability claims. OneAmerica expects the cost of this are going to be well over $100 million. The costs will be passed on to employers purchasing group life insurance policies, who will have to pay higher premiums.
CDC Weekly Death Counts - The Data reflects the information on death certificates and so have a lag of up to eight weeks or longer, show that for the week ending Nov. 6, there were far fewer deaths from COVID-19 in Indiana compared to a year ago – 195 verses 336 – but more deaths from other causes – 1,350 versus 1,319.
These deaths were for people of all ages, however, while the information referenced by Davison was for working-age people who are employees of businesses with group life insurance policies.
Spiked In Hospitalization - Indiana Hospital Association, said that hospitals across the state are being flooded with patients “with many different conditions. Unfortunately, the average Hoosiers’ health has declined during the pandemic.
No breakdown showing why so many people in the state are being hospitalized – for what conditions or ailments. However the extraordinarily high death rate quoted by One America matched what hospitals in the state are seeing.
The number of hospitalizations in the state is now higher than before the COVID-19 vaccine was introduced a year ago, and in fact is higher than it’s been in the past five years. Just 8.9% of ICU beds are available at hospitals in the state, a low for the year, and lower than at any time during the pandemic. But the majority of ICU beds are not taken up by COVID-19 patients – just 37% are, while 54% of the ICU beds are being occupied by people with other illnesses or conditions.
The state's online dashboard shows that the moving average of daily deaths from COVID-19 is less than half of what it was a year ago. At the pandemic's peak a year ago, 125 people died on one day – on Dec. 29, 2020. In the last three months, the highest number of deaths in one day was 58, on Dec. 13.
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