Good thread.
I’d add that insurers *may* lack the money to pay claims if 40% of the US gets it and 20% is hospitalized.
We may get two systems:
1) Basic care: universal vaccines and treatments funded with printed money
2) Premium care: pure cash system for everything else
I’d add that insurers *may* lack the money to pay claims if 40% of the US gets it and 20% is hospitalized.
We may get two systems:
1) Basic care: universal vaccines and treatments funded with printed money
2) Premium care: pure cash system for everything else
Pandemic payouts may be the new credit default swaps.
Just like default rates spiked simultaneously, millions of people become sick at the same time.
And all the policies become due at once.
I doubt that insurers have budgeted for this insurance pandemic. Worth looking into.
Just like default rates spiked simultaneously, millions of people become sick at the same time.
And all the policies become due at once.
I doubt that insurers have budgeted for this insurance pandemic. Worth looking into.
Recently updated article on reinsurance/govt intervention in event of a pandemic.
Two bits
1) Chinese state is subsidizing costs exceeding policy amounts
2) State regulators *have* done some stress testing of pandemics, worth digging into this
content.naic.org/cipr_topics/to…
Two bits
1) Chinese state is subsidizing costs exceeding policy amounts
2) State regulators *have* done some stress testing of pandemics, worth digging into this
content.naic.org/cipr_topics/to…
