Genetic Discrimination in Life Insurance Must End
BARTON,
* * *
* * *
The AMA's submission to the Australian Treasury's consultation on the use of genetic testing in life insurance underwriting calls for a legislated ban on the practice.
The submission says genetic discrimination in life insurance is known to be a barrier for many people, stopping them from undertaking genetic testing and participating in genomic research for the benefit of future populations.
AMA President Professor
"Genetic testing and genomic research have the capacity to rapidly transform healthcare in
"The industry has placed its own partial moratorium on the requirement to disclose genetic test results, but we need a legislated ban to give consumers absolute certainty that their genetic status won't be used by insurers to freeze them out of certain levels of cover."
Under the current moratorium, life insurance providers are still able to ask for and use genetic test results if the total amount of cover in an application exceeds certain monetary thresholds.
The moratorium is also industry led, raising concerns about self-regulation.
"Having a legislated ban on the use of genetic test results is the only way to ensure Australians feel safe and confident their genetic results won't result in discrimination, "
"A partial ban or a vague moratorium only leads to more uncertainty and deters patients from having live-saving genetic testing and participating in genomic research.
"Genetic testing should be incorporated into everyday healthcare. We need a national approach to the provision and regulation of genetic testing to ensure equitable access to testing in
The AMA's position statement on genetic testing and genomics in medicine outlines a range of policy positions to reduce and eliminate genetic discrimination.
Read the AMA's submission (https://www.ama.com.au/articles/submission-treasury-consultation-paper-use-genetic-testing-life-insurance-underwriting)
* * *
Original text here: https://www.ama.com.au/media/genetic-discrimination-life-insurance-must-end


How a jewelry insurer is driving customer engagement via AI
Fairmatic Accelerates Growth with Appointment of Jim Hinchley as President of Insurance
Advisor News
- Are families ready for the costs of aging at home?
- When a client moves, their insurance plan needs to move, too
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
- Giving while you’re living: 3 frequently asked questions about gifting
More Advisor NewsAnnuity News
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
More Annuity NewsHealth/Employee Benefits News
Life Insurance News