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Welfare fraud and errors cost UK a record 8 bln pounds during pandemic

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Pension & Social Security, Policy

London: Britain may have overpaid more than 8 billion pounds ($11 billion) in welfare payments as fraud and error reached record levels during the first year of the coronavirus pandemic, the government's spending watchdog said. The National Audit Office (NAO) said...

Biogen Alzheimer’s drug hits roadblocks with some hospitals, insurers

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, Health, International News, Risk Management

The rollout of Biogen Inc's Alzheimer's drug is hitting new roadblocks as some large hospitals decide not to use it and many health insurers await coverage terms from Medicare, the U.S. health plan for people aged 65 and older, before setting their own...

Pfizer agrees to pay $345 mln to resolve EpiPen pricing lawsuit

by AIP Online Bureau | Jul 16, 2021 | Health, International News, Non-Life, Risk Management

Pfizer Inc has agreed to pay $345 million to resolve claims by consumers who claim they overpaid for EpiPens due to anti-competitive and unfair practices by the drugmaker and the company that markets the emergency allergy treatment, Mylan. The proposed class action...

Alcohol linked to over 62,000 cancer cases in India last year: Lancet study

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

Alcohol consumption was associated with 62,100 or five per cent of newly diagnosed cancer cases last year in India, according to a study published in The Lancet Oncology journal which shows alcohol use is on the rise in the country. Globally, the researchers found...

Olympics-Risk of COVID spread is ‘zero’, IOC chief says, amid rising cases

by AIP Online Bureau | Jul 15, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

International Olympic Committee President Thomas Bach said on Thursday there was "zero" risk of Games participants infecting Japanese residents with COVID-19, as cases hit a six-month high in the host city. Bach said Olympics athletes and delegations had...
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