Source Article Here
by Brian Shilhavy
Health Impact News
Finally, the “elephant in the room” that nobody wanted to discuss in 2021 regarding labor shortages and supply chain bottlenecks, which is that record number of younger people in the workforce were dying after the roll-out of the COVID-19 “vaccines,” can no longer be swept under the rug as statistics are being published that reveal a huge crisis developing in the United States.
Scott Davison, the CEO of OneAmerica, a $100 billion insurance company based out of Indiana, has come out publicly and stated that based on life insurance claims, the death rate has skyrocketed an unprecedented 40% among those between the ages of 18 and 64, based on the 3rd quarter and into the 4th quarter of 2021.
Margaret Menge reports from The Center Square:
The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people.
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”
Davison said the increase in deaths represents “huge, 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.
“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.
“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.”
Most of the claims for deaths being filed are not classified as COVID-19 deaths, Davison said.
“What 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.”
The increase in insurance claims are not solely related to deaths, according to Davison, but disability claims are also increasing.
He said 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.
“For OneAmerica, we expect the costs of this are going to be well over $100 million, and this is our smallest business. So it’s having a huge impact on that,” he said.
Scott Davison made his comments last week during an online news conference, and he was not the only speaker.
Brian Tabor, the president of the Indiana Hospital Association, was also present, and in a follow up interview he confirmed that what Davison was seeing in insurance claims was supported on the “front end” in the hospitals.
Brian Tabor, the president of the Indiana Hospital Association, said that hospitals across the state are being flooded with patients “with many different conditions,” saying “unfortunately, the average Hoosiers’ health has declined during the pandemic.”
In a follow-up call, he said he did not have a breakdown showing why so many people in the state are being hospitalized – for what conditions or ailments. But he said the extraordinarily high death rate quoted by Davison matched what hospitals in the state are seeing.
“What it confirmed for me is it bore out what we’re seeing on the front end,…” he said.
Dr. Lindsay Weaver, Indiana’s chief medical officer, said at a recent news conference with Gov. Eric Holcomb that hospitalizations have increased after the roll out of the COVID-19 vaccines.
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, Dr. Lindsay Weaver, Indiana’s chief medical officer, said at a news conference with Gov. Eric Holcomb on Wednesday.