Appropriate insurance coverage could be a powerful weapon in the fight against cancer Insurance coverage may be a very powerful tool in the fight against cancer, according to a new study from the Dana Farber Cancer Institute. Conventional health insurance does not typically include coverage for cancer of any kinds. This coverage most often exists as supplemental insurance and must be purchased separately from a primary insurance policy. The study shows that young adults that have been diagnosed with cancer, but have insurance coverage, tend to recover or live longer…
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Insurance statistics for 2011 look grim
According to a recent survey, a large percent of the 50 million people in the U.S. who are uninsured, have practically no savings. On the average, families with no insurance can only afford to pay off about 12 percent of their total hospital bill. The uncompensated cost of care (health care the uninsured can’t pay) is more than 70 billion dollars a year. Another survey shows that last year 75 million adults did not get health care they needed; they skipped doctor appointments, went without prescription medication, didn’t go to…
Read MoreAFLAC, strong ties to Japan business
As the numbers keep rising on the estimate of losses in Japan, so do the growing concerns regarding the financial stability of insurance companies that were heavily vested there. One company, in particular, had at least three-quarters of their overall business in Japan. AFLAC, a top performing, Fortune 500 company, insures two of the largest insurance buyers in the world; the United States, and Japan. AFLAC sells supplemental health (GAP) insurance, life insurance and cancer insurance. Even though they don’t have property coverage in Japan, when the Earthquake and Tsunami…
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