Anti-Anxiety Medication Linked to Increased Risk of Death
A large-scale study has identified a connection between anti-anxiety medication, sleeping pills, and risk of premature mortality. Though scientists clarify the study proves correlation, not causation, the data results are still noteworthy for anyone already on or considering these drugs.
Possible Concerns
Prescriptions of anti-anxiety medication and sleeping pills have continued to increase over the years and have raised some concerns from various scientists. According to the study, more than 16 million prescriptions were written for these types of drugs in England general practice alone between 2011 and 2012.
The recent study cites evidence of adverse effects that were documented in other research[…]
Pets Can Lower Risk of Long Term Care
Pets teach their owners a lot of things: responsibility, patience, and that treats can go a long way. Turns out, having a pet also may also benefits the owner’s health. Research has found that having a pet reduces your risk of certain risk factors and diseases, including heart disease, which puts you at risk of needing long term care.
Heart Disease
In May 2013, the American Heart Association published a statement announcing that dogs were associated with a reduction in heart disease risk factors and increased chances of survival among heart attack patients. According to their research, owning a pet was[…]
Genworth to Release 1st Quarter Earnings at End of April
Genworth Financial announced the time and date of their earnings release with 1st quarter results.
1st Quarter Earnings Release
The company will issue the release along with the financial supplement after the market closes on April 29. The information will be available on their website at investor.genworth.com after it has been made available to the public.
A conference call to discuss the 1st quarter results and earnings will be held on April 30, 2014 at 8 am. Genworth will relay their business results and a progress update on their strategic priorities. One of those recent priorities has been the company’s new approach to[…]
Cost of Long Term Care Continues to Rise in US
It’s that time of the year again: Genworth Financial has released their 2014 Cost of Care Survey. Every year, the Long Term Care Insurance provider publishes their annual report that details the cost of long term care across the United States to help consumers learn more about the different care settings and options available.
Who Needs Long Term Care?
Long term care refers to care received when someone is in need of care for an extended period of time. The most common long term care settings are nursing homes, assisted living facilities, and at home. Long term care often consists of[…]
New Long Term Care Insurance Products from Genworth
Genworth Financial has released information about their updated approach to the Long Term Care Insurance market and how they plan to design new products in the future.
Approaching New Products
President and CEO Tom McInerney addressed a question about how the company will handle new Long Term Care Insurance products and whether anything will change from previous releases. He explained that the company will always use their best estimate assumptions for the top four risks associated with long term care. Those risks include morbidity, mortality, interest rates, and lapse rates. When a product is launched, Genworth usually feels confident in their assumptions[…]
Industry Trade Groups Come Out Against NAIC’s Recent Long Term Care Insurance Proposal
A new proposal would require Long Term Care Insurance companies to have a loss ratio of 100% before they are permitted to raise rates.
NAIC Proposal
The Senior Issues Task Force, which is part of the National Association of Insurance Commissioners (NAIC), released the original proposal of regulatory changes in November. According to their website, their mission is to develop regulatory standards and revise NAIC models on insurance issues that affect older Americans.
After the original proposal was released, however, the change in question was made. Some members of the Health Actuarial Task Force, another part of the NAIC whose mission is to[…]
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