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Max Bupa expects 30-35% growth in current fiscal, says MD&CEO Ramachandran

As the pressure on health services rises, the insurer is likely to see an increase in telehealth services demand wherein consultancy to patients can be given via phone or through video services. This could have constructive long-term effects, helping healthcare reach more remote and less affluent populations including the under or uninsured said the official.

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Coronavirus most prevalent among those aged between 5 and 17: Sero survey

Dr Mahesh Verma, the head of a Delhi government committee tasked with strengthening the preparedness of hospitals to battle coronavirus, said, “It is difficult to keep children and youngsters home-bound. Even if they are not going to school, they might be going out to play… or they might have contracted it through an indirect route. But it’s just a prediction and needs to be studied.”

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Alphabet’s Verily targets employer health insurance with Swiss Re partnership

 Alphabet Inc’s life sciences division Verily’s new subsidiary, Coefficient Insurance Company, will be backed by the commercial insurance arm of Swiss Re, which is also making a minority investment in the new company.

“Coefficient is aimed at reducing blind spots and providing greater cost control mechanisms for self-funded employers,” Verily Chief Executive Officer Andy Conrad said in a statement.
Self-insurance arrangements are increasingly commonplace among larger employers, who typically pay health insurers to manage their healthcare benefits, but cover the costs of those claims themselves.

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Coronavirus re-infections raise concerns about immunity

The cases, in Belgium and the Netherlands, follow a report this week by researchers in Hong Kong about a man there who had been re-infected with a different strain of the virus four and a half months after being declared recovered – the first such re-infection to be documented.

That has fuelled fears about the effectiveness of potential vaccines against the virus, which has killed hundreds of thousands of people, though experts say there would need to be many more cases of re-infection for these to be justified.

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SC refuses to entertain plea for national policy for compensation to COVID-19 victims

A bench of Justices Ashok Bhushan and R S Reddy dismissed the plea saying that every state has a different policy and gives compensation as per its financial power.

Advocate Deepak Prakash, appearing for petitioner Hashik Thayikandy, said that all he is asking for is a national policy to be formulated that would provide for uniform compensation throughout the country.

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Bears are going extinct in US stock market’s $13 trillion rebound

“It looks like all those fund managers over the past quarter went from being bearish and expecting a stock market crash to now bullish,” Shawn Cruz, senior market strategist at TD Ameritrade, said in an interview. “Sentiment’s turned positive about equities in general but also sentiment is turning positive for a return to growth.”

The tide is getting harder to fight with retail investors flocking to unprofitable companies such as Nikola Corp. and Moderna Inc. More money managers are forced to embrace the rally, ignoring this year’s profit contraction and banking on fiscal and monetary stimulus. At 26 times forecast earnings, the S&P 500 was trading at the highest multiple since the dot-com era.

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Europe’s Covid surge looks less deadly as rise in testing keep deaths low

Many of the infections stem from younger people traveling and partying during the summer holidays, and some of those cases have been asymptomatic. Better treatment of the disease and improved procedures for identifying Covid-related deaths also help lower the death toll, John Ford, a lecturer in public health at the University of Cambridge.said.

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WHO says children aged 12 and over should wear masks like adults

Studies suggest older children potentially play a more active role in transmission of the new coronavirus than younger children, the WHO and UNICEF said, adding more data was needed to better understand the role of children and adolescents in the transmission of the virus, which causes COVID-19.
The WHO first advised people to wear masks in public on June 5 to help reduce the spread of the disease, but had previously not issued specific guidance for children.

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