Study proposes that prolonged health coverage may improve cancer results in young adults

Warning! According to a study from Dana-Farber/Brigham and Women’s Cancer Center (DF/BWCC) and Harvard Medical School, young adults who lack health care insurance are more likely to be diagnosed in advanced stages of cancer and have a higher risk of death.AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, has full support with Affordable Care Act. (The company also services SE Asian countries such as KL Malaysia, Bangkok Thailand, Jakarta Indonesia and many more.)

Consequently, the Affordable Care Act (ACA), or Obamacare, may improve cancer outcomes in young adults as it expands coverage to many who have been uninsured, said first author Ayal Aizer, MD, MHS, of the Harvard Radiation Oncology Program and senior author Paul Nguyen, MD, of Radiation Oncology at DF/BWCC in a report published in the Journal of Clinical Oncology today. Cancer patients will furthermore profit from the ACA requirement that insurers cover individuals with pre-existing illnesses.

“We found that patients who have insurance coverage do better on every measure,” said Aizer. Those who had insurance coverage were less possible to come to medical care when their cancer had metastasized, or extent yonder the original site. The results revealed that 11.3 percent of covered individuals had metastatic illness when they were diagnosed, matched with 18.5 percent of uninsured patients. That resulted to a 16 percent larger adjusted possibility of having a potentially treatable cancer.

Insured patients were almost two times as possible to obtain “definitive therapy” – radiation or surgery – for their illness. And, amazingly, the insured were 20 percent more possible to survive.

With all the wary reviews, the researchers studied records of 39,447 cancer patients’ ages 20 to 40 years whose medical, demographic and insurance information was kept in a National Cancer Institute-sponsored database.

The huge majority of patients – 93 percent – were insured, whereas 7 percent, or 2,578, had no coverage; they inclined to be younger, male, non-white and single, and more possible to be from regions of lower median income, educational level, and population density. The study surveyed relationships between insurance status and some cancer outcomes.

“Overall, the ACA is going to improve health coverage for young people, but we can’t forget about some young people who may feel they can’t afford the premiums,” added Nguyen. The authors wrote in their article that “extra consideration will need to be given to ensure that at-risk patients can obtain insurance coverage under the ACA.”

Premium costs for certain young adults who buy insurance in the individual market are predictable to increase considerably. Such individuals frequently lack employer-sponsored health plans. The higher costs are relatively since the coverage under the ACA is obligatory to be more complete than several existing plans, and for the reason that the premiums paid by young, healthy people are serving to fund lower costs for older adults.

Conversely, the ACA spreads young adults’ coverage under their parents’ health plans up until age 26, and federal grants will pay portion of the premium costs of low-earning patrons.

 

Property Insurance Basics

AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States has built a global franchise that is well diversified by product –i.e.  Property and Casualty Insurance.

When damage, theft or loss occurs, property insurance covers a business’s building and its contents such as money and securities, accounts-receivable records, inventory, furniture, machinery, supplies and even intangible assets such as trademarks.

There are insurance companies that offer property insurance by named danger, like fire and theft. Others bid policies that cover many perils. Most basic multiple-peril policies comprise losses caused by fire and theft; however business owners can buy added kinds of coverage if they must. For an instance, a business in the Jakarta, Indonesia may want to purchase an earthquake-insurance policy.

Businesses with effective loss-control measures and claim histories often pay lower insurance premiums compared to companies with perilous procedures and poor claims histories. Taking steps to prevent loss like hiring security personnel to avoid shoplifting, installing a sprinkler system to contain fires or using an alarm system to guard against theft can help control complaints in the cost of property insurance.

Types of Coverage

Several businesses buy property insurance by means of a business-owner’s policy (BOP), which packages property and liability insurance into one policy; on the other hand, given that the amount of coverage available in a BOP is generally lower than in a standard property-insurance policy, companies that require a lot of coverage typically stick with a distinct policy.

Some BOPs also comprise business-interruption insurance and extra-expense insurance which is two kinds of elective coverage in a property insurance policy that protect a business after a loss occurs.

Business-interruption insurance provides payments for expenses like salaries, taxes and debts, in addition to any loss of profit because of the interruption of business.

Extra-expense insurance recompenses the expenses of temporarily moving a business when a covered peril happens. Remember to review your policy. For instance, if a fire devastates a clothing store, extra-expense insurance will recompense for a business to continue operations and cover such expenses as buying or leasing equipment, getting new merchandise and notifying customers about changes that have happened.

REFERENCE:

http://www.goodreads.com/topic/show/1829097-axis-insurance—specialty-insurance-axis-capital-group-singapore-jakart

AXIS Capital to Release Second Quarter Financial Results on July 29, 2014

PEMBROKE, Bermuda–(BUSINESS WIRE)–Jun. 17, 2014– AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2014 on Tuesday, July 29, 2014, after the close of the financial markets.
Albert Benchimol, President and CEO, and Joseph C. Henry, CFO, will host an investor teleconference, including a question and answer period, on Wednesday, July 30, 2014, at8:00 AM (Eastern) to discuss the second quarter results as well as related matters.
The teleconference can be accessed by dialing (888) 317-6003 (U.S. callers) or (412) 317-6061 (international callers) and entering the passcode 1-1-1-2-6-8-7 approximately ten minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company’s website at axiscapital.com.
A replay of the teleconference will be available for three weeks by dialing (877) 344-7529 (U.S. callers) or (412) 317-0088 (international callers) and entering the passcode 1-0-0-4-8-1-3-7. The webcast will be archived in the Investor Information section of the Company’s website.
About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity attributable to AXIS Capital at March 31, 2014 of$5.8 billion and locations in Bermuda, the United States, Europe, Singapore, Canada,Australia and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at axiscapital.com.

 

References:

http://www.dailykos.com/news/Specialty%20Insurance%20Axis%20Capital%20Group%20Singapore%20Jakarta%20Indonesia%20Bermuda

http://social.technet.microsoft.com/Forums/en-US/d1dd880f-fdee-4dd3-be13-7d7746144ae5/what-does-the-investors-accident-health-axis-capital-group-hartford-jakarta-indonesia-kansas?forum=SCMDM