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    British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

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    graham64
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    British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

    Post by graham64 on Mon Aug 17 2015, 22:02

    Even a person taking statins to control their raised cholesterol levels are among the tens of thousands of Britons affected by the increased premiums. 

    Experts slammed the charges hike, saying they were "out of proportion" to the actual cost of insuring those with higher levels, which are also out of line with life and health insurance. 

    Jules Payne, chief executive of Heart UK, said the policy effectively penalises those who have been "responsible" enough to get their cholesterol checked and were working to control it. 

    She said: “There is no reason why insurance premiums should be higher because of raised cholesterol that is being managed. 

     “This penalises responsible people who are actually at lower risk than many others."

    It is estimated more than half of the UK population suffer with high cholesterol and statins - Britain's most commonly prescribed drug - are taken by hundreds of thousands.

    Read more:  http://www.express.co.uk/news/uk/598622/Holiday-statins-high-cholesterol-pay-double-travel-insurance


    Seeing statins are supposedly a panacea to cure all ills then surely the insurance companies should be reducing the premiums unless of course the don't believe the hype Wink


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    zand
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    Re: British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

    Post by zand on Mon Aug 17 2015, 22:05

    Well surely it makes sense to charge more since statins do more harm than good?
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    graham64
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    Re: British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

    Post by graham64 on Mon Aug 17 2015, 22:32

    zand wrote:Well surely it makes sense to charge more since statins do more harm than good?  

    Yep I reckon that's what the insurance companies have figured out   Wink


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    mo1905
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    Re: British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

    Post by mo1905 on Tue Aug 18 2015, 08:43

    The frustrating thing I find is that although I stopped taking them, ins companies ask if they've EVER been prescribed, yes they have. So, I still pay increased premiums !


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    Squire Fulwood
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    Re: British holidaymakers taking statins for high cholesterol pay DOUBLE for travel insurance

    Post by Squire Fulwood on Tue Aug 18 2015, 09:24

    I suppose there could be a number of reasons for this. If the qualification for a statin is that you have a 10% risk of a heart attack in the next ten years then the premiums go up.

    If you believe the WHO All Cause Mortality graph then more people die with low cholesterol so the statins might be causing the problem and the premiums go up.

    Insurance companies just usually use the actual numbers to hand and if they are doing that then they have just paid out more to statin users than other people and this is reflected in their premiums.


    Last edited by Squire Fulwood on Tue Aug 18 2015, 10:32; edited 1 time in total (Reason for editing : spelling)

      Current date/time is Tue Sep 26 2017, 20:45