Australian Medical Association: President Professor Steve Robson on Genetic Discrimination in Life Insurance
BARTON,
* * *
QUESTION: Well, modern technology and science are wonderful things, aren't they? The fact that we can now test, for example, to see if we're predisposed to some health conditions. It can be a game-changer because there's maybe some proactive or intermediate step you can take to ensure longevity and better health. But it also impacts on our health insurance options, and the
But as things stand at the moment, there's no legislative impediment to life insurance companies saying: 'look, you carry these mutations, we're not going to insure you, or we only will with some sort of large caveat or financial penalty'. And we think it's just terrible that the legislative environment is such that Australians will have a financial discouragement from finding out about potentially lifesaving information about their genetics because they're worried they might not be able to get life or other types of insurance.
QUESTION: Steve, are patients already saying this to practitioners, that they don't want to run a certain test because they're just afraid of what they'll find out?
QUESTION: And it's further complicated by going to the other end of the spectrum and saying someone is now deceased. They had a life insurance policy and the insurer saying: 'well, part of our consideration insuring you was managing the risk. You knew at the time that you had a genetic predisposition and you didn't tell us. So we're not going to pay out on the policy'. Not only have they now got the capacity to not insure you in the first place, but in 20, 30, 40 years' time to turn around and say: 'well, hey, you should have told us' -- that's going to make it hard, isn't it?
QUESTION: I think most people would understand that if you have a pre-existing complaint then you should advise your insurer. But that's different, isn't it, for having some sort of predisposition to at some stage in the future contract an illness or injury?
* * *
Original text here: https://www.ama.com.au/media/president-professor-steve-robson-genetic-discrimination-life-insurance


The vast majority of California flood victims' losses won't be covered by insurance
Financial Sector Calls for a Coordinated Approach by Regulators When Changing Sustainable Finance Disclosures
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- REPS. CLARKE, GRIJALVA LEAD 63 MEMBERS OF CONGRESS IN URGING USCIS TO ADDRESS PROCESSING BACKLOG COSTING LAWFULLY-PRESENT IMMIGRANTS THEIR HEALTHCARE
- Pennsylvania sues pharma and PBMs over insulin prices
- Seniors can get help wth Medicare sign-ups
- Oscar Introduces a New Wave of Consumer Health Products
- MAYOR MAMDANI LAUNCHES OUTREACH TEAM TO HELP NEW YORKERS KEEP MEDICAID AS FEDERAL CUTS THREATEN COVERAGE
More Health/Employee Benefits NewsLife Insurance News