“We expect that many people had, during the COVID years, not sought medical treatment, and we’re seeing the effects of that now, an increased environment for increased mortality,” finance chief Matt Rider…
He said Aegon expected the situation to continue in the medium term, after high mortality in the U.S. hit its capital generation and operating result in the first half of the year.
DB2
I wonder if that transfer of wealth from the Baby Boom generation will be sooner and faster than anticipated. Could this be a positive for Social Security and Medicare?
What do you mean by “will be”? Over a third of baby boomers are already dead. Even if it’s faster, demographic changes such as these are measured in months.
Yes, it is already a positive, but only a small positive. Not so much for medicare, because their big spend is in the last 6 months of life, and it doesn’t matter if the last 6 months are 83 and 2 months to 83 and 8 months versus 82 and 9 months to 83 and 3 months. For Social Security, think in terms of X% of SS recipients receiving $1,782.74 for 5 or 6 fewer months.
In thinking about SS and Medicare costs a little attention should be paid to shifting attitudes of boomers to death. Boomers who have suffered with parent(s) having truly miserable, even tortured, last years of life become more interested in finding other paths.
Mom, when she could no longer go for her cherished daily walk around the block, nor stand and sing in church, decided to hold on until she could celebrate the White House having a new non-orange tenant, and then she stopped eating. For 9 days she ate no food except water, and each evening toasted her progeny and church community via Zoom with a nice glass of California Cabernet Sauvignon smilingly saying “Cheers!”; and then she was gone.
I am on her plan.
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When the end of my time is approaching, I hope it will be aspects of love that will keep me holding on for a bit longer. Maybe holding on for a new grandchild, or perhaps for a grandchild to marry, or maybe even for a great grandchild to arrive, or something like that. I don’t want hate of some sort of politics to be the thing keeping me holding on for that little bit longer.
Mom was with you. My summary was overly simplistic to keep it brief.
Mom was one of the breakthrough female politicians of California history, and she loved the bright side of politics, being the prime mover in founding California Association of Elected Women, CEWAER, who mentored and fostered upcoming women pols:
https://www.cawomenlead.org/learn-herstory
As much as she wanted the old White House tenant gone, she much more wanted to celebrate the accession of one of her “civil progeny” to the Vice Presidency.
Lotsa lotsa love and hope.
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