A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service.
U.S. life insurers may face as much as $7.2 billion in claims if coronavirus deaths rise to the high end of projections of 150,000, according to Aite Group LLC. The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combined $4.1 billion for individual and group plans, the researcher said in a study released Thursday.
Under normal circumstances, internist Jenni Levy makes house calls, checking on patients with chronic conditions and serving as what she calls “rolling urgent care.”
The mounting threat of COVID-19 has placed the healthcare system of many nations under a huge amount of pressure, and cybercriminals could be exploiting this to spread viruses - but instead of biological ones, these are computer viruses.
Virtual medical assessments could play a significant role in keeping the insurance industry moving along during the COVID-19 pandemic. But conducting such procedures will be changing as people are urged to stay home.
Numerous privacy lawyers tell us they’re seeing a growing number of frantic requests from employers about disclosure protocol related to the coronavirus outbreak.
A severe coronavirus pandemic in the U.S. could cost the nations health insurers roughly $90 billion in medical claims, leading to losses that could force some insurers to tap into reserves to pay those costs, according to a new analysis from S&P Global analysts.
The panic shopping for coronavirus planning doesn’t end with food, water and toilet paper. Some consumers are also panic shopping for life insurance. In the face of widespread fears about infections and quarantines, many Americans are getting their financial houses in order.
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy - a sharp rise in payouts at a time of big investment losses.
Alma Quiroz is a housekeeper at the Edgewater Hotel in Seattle, one of the country’s biggest hotspots for COVID-19, commonly known as the coronavirus. Her work schedule has recently been cut from 40 hours per week to just eight hours. With a reduced schedule comes the threat that she will also lose health insurance benefits from working at least 80 hours each month.
While most businesses brace for an economic collapse caused by coronavirus, the outbreak has prompted creation of a new service offering by the nation’s largest claims administrator.
Nearly half of insured American adults say they’re not confident they could handle costs associated with coronavirus treatment, according to a recent Healthcare.com and YouGov poll. The survey polled nearly 2,500 Americans ages 18 and over.
I dont know about you, but I am sick of COVID-19, commonly called the Coronavirus. I know that is different than being sick FROM the Coronavirus, but I am weary from the onslaught of information and panic related to the disease.
A major health insurance trade group is pledging its member plans will cover doctor-ordered testing for the coronavirus amid rising confusion and concern about who will bear the cost of care in an outbreak.
March 6, 2020 https://www.politico.com/Life & Health