Tag: COVID

Covid ‘Doesn’t Discriminate by Age’: Serious Cases on the Rise in Younger Adults

Mary Pat Campbell
Covid ‘Doesn’t Discriminate by Age’: Serious Cases on the Rise in Younger Adults

Excerpt:

About 32% of the U.S. population is now fully vaccinated, but the vast majority are people older than 65 — a group that was prioritized in the initial phase of the vaccine rollout.

Although new infections are gradually declining nationwide, some regions have contended with a resurgence of the coronavirus in recent months — what some have called a “fourth wave” — propelled by the B.1.1.7 variant, first identified in the United Kingdom, which is estimated to be somewhere between 40% and 70% more contagious.

As many states ditch pandemic precautions, this more virulent strain still has ample room to spread among the younger population, which remains broadly susceptible to the disease.

Author(s): Will Stone

Publication Date: 4 May 2021

Publication Site: Kaiser Health News

Covid-19 Vaccinations Are Slowing, So Officials Target Markets, Schools

Mary Pat Campbell

Link: https://www.wsj.com/articles/covid-19-vaccinations-are-slowing-so-officials-target-markets-schools-11620044791

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Excerpt:

As demand wanes, states, municipalities and healthcare providers are trying everything from one-on-one education in nontraditional locations to incentives including a free drink and cash.

West Virginia Gov. Jim Justice said recently the state would offer a $100 savings bond to residents aged 16 to 35 who receive a vaccination. The state had been an early leader in vaccinations.

In Detroit, $50 prepaid debit cards are being offered to drivers who take a city resident for a shot. In Connecticut, Gov. Ned Lamont rolled out a campaign where some restaurants will give a free drink to anyone who shows a vaccination card.

Author(s): Melanie Grayce West, Talal Ansari

Publication Date: 3 May 2021

Publication Site: Wall Street Journal

‘The Premonition’ Review: A Pandemic of Experts

Mary Pat Campbell

Link: https://www.wsj.com/articles/the-premonition-review-a-pandemic-of-experts-11620078624

Excerpt:

The article, in any case, doesn’t claim that 180,000 people could have been saved by more robust public-health interventions in early 2020 but that those deaths are mostly the result of Americans’ poor health. That the U.S. death rate, even so, is lower than that of the U.K. and Italy and nearly equal to that of France — all G7 nations — rather complicates Mr. Lewis’s breezy thesis.

It is amazing to me that intelligent people in 2021 can survey the past year and conclude that some alternative set of non-pharmaceutical interventions would have made an appreciable difference in the spread of this magnificently resilient virus. But many such people do believe that, including the author of this book and its ostensible heroes. One of those heroes, an accomplished hospital administrator named Carter Mecher, drew up a national pandemic response plan for the George W. Bush administration. The key to stopping dangerous pathogens, he came to believe as he studied pandemic modeling, was closing schools.

….

Here is a point that Mr. Lewis’s heroes show no awareness of grasping: that the United States is a big unruly country in which people are accustomed to going where they please and don’t care for government authorities telling them what to do based on poorly understood “data.” One of the Wolverines, a public-health official in Santa Barbara County named Charity Dean, appears to believe that any sign of a dangerous contagion permits health authorities to assume dictatorial powers. She tells Mr. Lewis that in early 2020 California should have closed its borders “until it figured out exactly how much virus was circulating, and where” and that the U.S. should follow Thailand’s example and require “anyone entering the country to wear a GPS wristband” and so enable the authorities to know who’s disobeying quarantine rules.

Author(s): Barton Swaim

Publication Date: 3 May 2021

Publication Site: Wall Street Journal

Book Link: https://amzn.to/3xLQZzS

Social Security Sees Slowdown in Retiree Rolls Amid Covid Deaths

Mary Pat Campbell

Link: https://www.bloomberg.com/news/articles/2021-05-03/social-security-sees-slowdown-in-retiree-rolls-amid-covid-deaths

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Excerpt:

The rate of growth in retired Americans who collect Social Security has slowed down sharply, and the drop may be due in part to the disproportionate number of deaths from Covid-19 among the elderly.

The number of people who received retirement benefits from the Social Security Administration rose 900,000 to 46.4 million in March, the smallest year-over-year gain since April 2009.

While the Office of the Chief Actuary at the government agency said it is still too early to assess the impact from Covid-19, the year-over-year change appears to reflect excess deaths. About 447,000 people who died from the virus were 65 or older, according to data from the Centers for Disease Control and Prevention, or about 80% of total deaths.

Author(s): Alexandre Tanzi

Publication Date: 3 May 2021

Publication Site: Bloomberg

The Music City Meltdown

Mary Pat Campbell

Link: https://www.wsj.com/articles/the-music-city-meltdown-11619649990

Excerpt:

Like many cities, Nashville is also in hock to pensioners, with $4.3 billion in unfunded promises for retiree healthcare. And though Nashville’s pension system is well-funded, it is also expensive to maintain because employees contribute almost nothing, leaving taxpayers on the hook for about $110 million in annual contributions—and potentially more when investments tank. Despite the burden, the city resisted adopting reforms the state enacted in 2013, when Tennessee switched to a pension plan that requires employees to contribute 5% of their wages.

Nashville’s balance sheet wasn’t in any shape to endure a massive pandemic hit. Led by a 50% decline in tourism, the city’s economy slumped last spring, and unemployment soared above 15%. That punched a $332 million hole in the fiscal 2021 budget, prompting then-Tennessee Comptroller Justin Wilson to warn in September of a state takeover. The city could become “kind of like a teenager coming to their parent asking for $20 to go to the movies,” he said.

Author(s): Steven Malanga

Publication Date: 28 April 2021

Publication Site: Wall Street Journal

India is struggling with a catastrophic second wave

Mary Pat Campbell

Link: https://www.economist.com/asia/2021/04/24/india-is-struggling-with-a-catastrophic-second-wave

Excerpt:

More disturbing still, India’s soaring official covid-19 count represents the tip of an iceberg. Because of low testing rates outside big cities, say epidemiologists, the actual caseload could be anything from ten to 30 times higher. A national serological survey conducted in December found 21% of Indians were carrying covid-19 antibodies, compared with an official tally which suggested that only about 1% of India’s people had been infected by that time. More recently, local journalists who have cross-checked hospital and funeral records against government numbers have found similar, gaping discrepancies across the country. One report revealed that in the second week of April, when authorities in Vadodara, a city in the state of Gujarat, announced seven covid-19 deaths, the count in two hospitals alone was more than 300. This suggests that India could be facing not 2,000 deaths a day, as the current official count shows, but something much higher.

Publication Date: 24 April 2021

Publication Site: The Economist

Cuomo Aides Spent Months Hiding Nursing Home Death Toll

Mary Pat Campbell

Link: https://www.nytimes.com/2021/04/28/nyregion/cuomo-aides-nursing-home-deaths.html?smid=tw-share

Excerpt:

Aides to the New York governor, Andrew M. Cuomo, repeatedly prevented state health officials from releasing the number of nursing home deaths in the pandemic.

The effort by Gov. Andrew M. Cuomo’s office to obscure the pandemic death toll in New York nursing homes was far greater than previously known, with aides repeatedly overruling state health officials over a span of at least five months, according to interviews and newly unearthed documents.

Mr. Cuomo’s most senior aides engaged in a sustained effort to prevent the state’s own health officials, including the commissioner, Howard Zucker, from releasing the true death toll to the public or sharing it with state lawmakers, these interviews and documents showed.

A scientific paper, which incorporated the data, was never published. An audit of the numbers by a top Cuomo aide was finished months before it became publicly known. Two letters, drafted by the Health Department and meant for state legislators, were never sent.

….

The Cuomo administration’s handling of nursing home death data now is the subject of a federal investigation, one of at least four overlapping inquiries into the governor and his administration. As of this month, more than 15,500 nursing home residents with Covid-19 have died.

Author(s): Goodman, J David; Mckinley, Jesse; Hakim, Danny.

Publication Date: 28 April 2021

Publication Site: New York Times

Nearly 1.5 Million Mothers Are Still Missing From the Workforce

Mary Pat Campbell

Link: https://www.wsj.com/articles/nearly-1-5-million-mothers-are-still-missing-from-the-workforce-11619472229

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Excerpt:

Black and Hispanic women disproportionately work in industries — such as leisure and hospitality — that were most negatively affected by the pandemic, said Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy.

Since February of last year, participation rates for white women, including mothers, haven’t dropped more than 3.2 percentage points. Rates for women of color — especially Black and Hispanic mothers with children under 5 — have at times fallen more.

Large numbers of Black and Hispanic women work in essential sectors — most notably healthcare — that have seen increased demand in the past year. But in those industries, according to Dr. Wilson, they tend to hold jobs that offer comparatively low pay and flexibility.

The average number of hours men and women work per week has varied more widely since the start of the pandemic than in recent years. People have worked fewer hours overall, with men’s time dropping more significantly. That has narrowed — but not closed — the gap between hours worked by men and women.

Author(s): Katherine Riley, Stephanie Stamm |

Publication Date: 27 April 2021

Publication Site: Wall Street Journal

The Pandemic Will Likely End In One Of These Four Ways

Mary Pat Campbell

Link: https://www.buzzfeednews.com/article/danvergano/coronavirus-pandemic-vaccines-endings?utm_source=digg&amp%3Butm_medium=email

Excerpt:

By June, most US adults get vaccinated. The shots halt the spread of SARS-CoV-2, even the more transmissible variants. And people feel safe shopping, traveling, and visiting each other, almost like they did before the pandemic.

This is the best outcome — and it isn’t completely far-fetched. Half of US adults have received at least one shot. Even with Johnson & Johnson’s vaccine paused, more than 3 million shots are being administered a day; at that rate, every adult American could receive one by late June.

Israel offers a glimpse of this future. There, a fast-paced campaign had immunized more than half of the population by mid-April. The results have been striking in the country of 9 million, with new cases falling to around 200 a day, 2% of the January peak. Starting this weekend, an outdoor mask mandate will be lifted.

Author(s): Dan Vergano

Publication Date: 21 April 2021

Publication Site: Buzzfeed News

Life and Health Reinsurers Only Moderately Affected by Coronavirus Pandemic

Mary Pat Campbell

Link: https://www.fitchratings.com/research/insurance/life-health-reinsurers-only-moderately-affected-by-coronavirus-pandemic-19-04-2021

Excerpt:

Despite more than 2.8 million coronavirus pandemic-related deaths globally so far, the world’s five largest life and health (L&H) reinsurers – Hannover Rueck SE, Munich Reinsurance Company, Reinsurance Group of America, Incorporated, SCOR SE and Swiss Reinsurance Company Ltd – have only been moderately affected by heightened mortality losses and remained profitable in 2020. Fitch Ratings expects pandemic-related mortality claims to decline in 2021 due to the global rollout of vaccines. This assumes that virus variants will not diminish the effectiveness of the vaccines. L&H Reinsurers Remained Profitable in 2020The five largest L&H reinsurers reported declines in net earnings in 2020 from 2019 due to pandemic-related mortality claims. However, they remained profitable despite the high number of deaths globally.The key reason for this is the very low penetration rate of mortality covers amongst the older age cohorts globally, with very few exceptions such as the US, Canada or the UK. People aged 75 or higher have been most affected by the pandemic.Mortality Claims Will Decline in 2021Fitch believes that the global rollout of vaccines will prove successful, leading to a lower number of deaths linked to the pandemic in 2021 and 2022, and bases its credit analysis on this assumption. Virus variants pose the largest risk to this scenario as they may render vaccines less powerful or even useless.

Publication Date: 19 April 2021

Publication Site: Fitch Ratings

India’s catastrophic second covid wave shows no sign of slowing

Mary Pat Campbell

Link: https://www.economist.com/graphic-detail/2021/04/26/indias-catastrophic-second-covid-wave-shows-no-sign-of-slowing

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Excerpt:

INDIA’S SECOND wave of covid-19 continues to set grim new records. On April 25th India detected more than 350,000 new cases—the most in a single day in any country at any stage in the pandemic. This number has reached new highs for five days in a row (see chart). So bad has India’s outbreak become that it now accounts for some 38% of global cases—up from just 9% a month ago. That is the highest share reached by an individual country since the early stages of the pandemic.

Publication Date: 26 April 2021

Publication Site: The Economist

COMIC: How I Cope With Pandemic Numbness

Mary Pat Campbell

Link: https://www.npr.org/sections/goatsandsoda/2021/04/25/987208356/comic-how-i-cope-with-pandemic-numbness

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Excerpt:

Each week I check the latest deaths from COVID-19 for NPR. After a while, I didn’t feel any sorrow at the numbers. I just felt numb. I wanted to understand why — and how to overcome that numbness.

Author(s): CONNIE HANZHANG JIN

Publication Date: 25 April 2021

Publication Site: Goats and Soda at NPR