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Experts share troubling outlook for COVID-19

As the world continues to struggle to control the spread of COVID-19, both scientists and economists are sharing bad news about the pandemic. In fact, early August saw the highest daily global case count of any day this year. In this roundup of COVID-19 news from Actuaries Digital, find out which four countries account for over 60% of the world’s new cases. Plus, see what researchers are saying about the potential long-term health effects on those who test positive. And

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How will Covid-19 affect retirement plans?

As a result of the Covid-19 pandemic, global financial markets are on an uncertain footing. And for anyone preparing for retirement, the current volatility could have major impacts on their immediate future. In the full article from the Pension Rights Center, learn how the pandemic and the recent CARES Act affect 401(k) plans and allow for greater flexibility. Find out how the crisis may affect the funding of your employer-provided or government-provided pension plan. And learn why those who rely

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How Covid-19 could change auto insurance

One thing is certain for the auto insurance industry during Covid-19: people are driving less and less. And as the virus persists, insurers are adjusting to a new world with lower premiums and fewer policy claims. Will the Covid-19 crisis change auto insurance forever, or just for a short time? What happens if a large number of policyholders cannot make their payments? And how will the rise of remote work affect the industry? Get these answers and more in the

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Why one doctor hopes we never return to ‘normal’

During the Covid-19 crisis, many of us have expressed a desire to get back to normal. To return to a life before the age of masks, social distancing and widespread uncertainty. But for one doctor, this experience provides hope for how our society and medical system can change for the better. In the full article from Medpage Today, read Dr. Milton Packer’s take on how Covid-19 gives healthcare providers the chance to become more trusted, more valuable and more universally

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Is COVID-19 treatment free? It depends on where you live

After the COVID-19 outbreak intensified, Congress acted to make testing free for patients. But what about the additional costs for treatment or hospitalization if someone tests positive? The answers are not as simple. In the full article from the New York Times, read an up-to-date FAQ about government and health insurers’ policies regarding COVID-19 and its aftermath. Find out which insurers are waiving treatment costs during the outbreak. And learn what you should do if you receive a high bill

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How COVID-19 will affect 2020 healthcare spending

With the COVID-19 crisis putting a strain on the healthcare system, insurers and providers are asking themselves: how will this situation affect total healthcare spending in 2020? Will treatment lead to increase in total costs? Or will the delay of some surgeries and other nonessential procedures mean lower spending for the year? In the full article from the American Academy of Actuaries, learn how various COVID-19 outcomes could affect total spending by Medicare/Medicaid and by private insurers. Plus, read a

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